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Intangible Assets, Net (Other than Goodwill) | 3 Months Ended
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Mar. 31, 2023
Intangible Assets, Net (Other than Goodwill) [Abstract] |
INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) | NOTE 3 – INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) The Company’s intangible assets primarily consist of acquired and developed software that is being amortized over their estimated useful lives as indicated below. The following is a summary of activity related to intangible assets for the three months ended March 31, 2023 (unaudited):
|  | Acquired and Developed Software |  |  | Patents |  |  | Total |
Useful Lives |  |  | 5 Years |  |  |  | 10 years |  |  |  |  |
Carrying Value at December 31, 2022 |  | $ | 435,595 |  |  | $ | 130,664 |  |  | $ | 566,259 |
Amortization |  |  | (71,904 | ) |  |  | (4,113 | ) |  |  | (76,017 | )
Carrying Value at March 31, 2023 |  | $ | 363,691 |  |  | $ | 126,551 |  |  | $ | 490,242 |
The following is a summary of intangible assets as of March 31, 2023 (unaudited):
|  | Acquired and Developed Software |  |  | Patents |  |  | Total |
Cost |  | $ | 4,476,271 |  |  | $ | 164,614 |  |  | $ | 4,640,885 |
Accumulated amortization |  |  | (4,112,580 | ) |  |  | (38,063 | ) |  |  | (4,150,643 | )
Carrying Value at March 31, 2023 |  | $ | 363,691 |  |  | $ | 126,551 |  |  | $ | 490,242 |
Amortization expense totaled approximately $76,000 and $215,000 for the three months ended March 31, 2023, and 2022, respectively. Future expected amortization of intangible assets is as follows:
2023 (Remainder of the Year) |  | $ | 177,063 |
2024 |  |  | 168,094 |
2025 |  |  | 63,791 |
2026 |  |  | 16,456 |
2027 |  |  | 16,456 |
Thereafter |  |  | 48,382 |
|  | $ | 490,242 |
There is no impairment indicator identified for impairment of the Company’s intangible assets and goodwill as of March 31, 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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