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Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | At March 31, 2024, intangible assets consisted of the following: Schedule of Intangible Assets
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 297,000 |  |  | $ | (84,192 | ) |  | $ | 212,808 |
Proprietary technology |  | 10 years |  |  | 861,000 |  |  |  | (172,200 | ) |  |  | 688,800 |
Customer relationships |  | 5-15 years |  |  | 4,091,000 |  |  |  | (1,210,847 | ) |  |  | 2,880,153 |
|  |  |  | $ | 5,249,000 |  |  | $ | (1,467,239 | ) |  | $ | 3,781,761 |
At December 31, 2023, intangible assets consisted of the following:
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 297,000 |  |  | $ | (76,767 | ) |  | $ | 220,233 |
Proprietary technology |  | 10 years |  |  | 861,000 |  |  |  | (150,675 | ) |  |  | 710,325 |
Customer relationships |  | 5-15 years |  |  | 4,091,000 |  |  |  | (1,112,220 | ) |  |  | 2,978,780 |
|  |  |  | $ | 5,249,000 |  |  | $ | (1,339,662 | ) |  | $ | 3,909,338 |
Schedule of Amortization Expense for Intangible Assets | Schedule of Amortization Expense for Intangible Assets
For the Twelve Months Ending March 31, |  | Amount |
2025 |  | $ | 510,308 |
2026 |  |  | 473,125 |
2027 |  |  | 326,108 |
2028 |  |  | 324,410 |
2029 |  |  | 305,733 |
Thereafter |  |  | 1,842,077 |
Intangible assets |  | $ | 3,781,761 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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