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Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

At March 31, 2024, intangible assets consisted of the following:

 

   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

 

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