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Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

At September 30, 2023, intangible assets consisted of the following:

 

   Estimated      Accumulated     
   Useful Life  Costs   Amortization   Net 
Trade names  10 years  $297,000   $(69,343)  $227,657 
Proprietary technology  10 years   861,000    (129,150)   731,850 
Customer relationships  5-15 years   4,091,000    (1,013,592)   3,077,408 
      $5,249,000   $(1,212,085)  $4,036,915 

 

At December 31, 2022, intangible assets consisted of the following:

 

   Estimated      Accumulated     
   Useful Life  Costs   Amortization   Net 
Trade names  10 years  $297,000   $(47,067)  $249,933 
Proprietary technology  10 years   861,000    (64,575)   796,425 
Customer relationships  5-15 years   4,091,000    (717,712)   3,373,288 
      $5,249,000   $(829,354)  $4,419,646 
Schedule of Amortization Expense for Intangible Assets

 

For the Twelve Months Ending September 30,   Amount  
2024   $ 510,308  
2025     499,391  
2026     391,941  
2027     326,108  
2028     314,223  
Thereafter     1,994,944  
Intangible assets   $ 4,036,915