XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.24.3

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 4. Intangible Assets At September 30, 2024, intangible assets consisted of the following: Schedule of Intangible Assets
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 297,000 |  |  | $ | (99,042 | ) |  | $ | 197,958 |
Proprietary technology |  | 10 years |  |  | 861,000 |  |  |  | (215,250 | ) |  |  | 645,750 |
Customer relationships |  | 5-15 years |  |  | 4,091,000 |  |  |  | (1,408,102 | ) |  |  | 2,682,898 |
|  |  |  | $ | 5,249,000 |  |  | $ | (1,722,394 | ) |  | $ | 3,526,606 |
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 |
Amortization expense for the three and nine months ended September 30, 2024 and September 30, 2023, amounted to $127,577 and $382,732, respectively, and $127,577 and $382,731, respectively. The following table represents future amortization expense for intangible assets subject to amortization. Schedule of Amortization Expense for Intangible Assets
For the Twelve Months Ending September 30, |  | Amount |
2025 |  | $ | 499,391 |
2026 |  |  | 391,941 |
2027 |  |  | 326,108 |
2028 |  |  | 314,223 |
2029 |  |  | 305,733 |
Thereafter |  |  | 1,689,210 |
Intangible assets |  | $ | 3,526,606 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration