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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2023
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

NOTE 5 – GOODWILL AND INTANGIBLE ASSETS

 

Intangible assets consist of the following at:

 

 

 

March 31,

2023

 

 

December 31,

2022

 

License

 

$652,853

 

 

$643,204

 

Trade name / mark

 

 

36,997

 

 

 

36,997

 

Customer base

 

 

176,793

 

 

 

176,793

 

 

 

 

866,642

 

 

 

856,994

 

Less: Accumulated amortization

 

 

(221,856 )

 

 

(199,777 )

Subtotal

 

 

644,787

 

 

 

657,217

 

Goodwill

 

 

49,697

 

 

 

49,697

 

Total

 

$694,484

 

 

$706,914

 

 

At March 31, 2023, the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years is as follows:

 

Year

 

Amount

 

2023

 

$71,056

 

2024

 

 

79,719

 

2025

 

 

74,868

 

2026

 

 

44,361

 

2027

 

 

44,361

 

Thereafter

 

 

330,422

 

Total amortization

 

$644,787