Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 5 - Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following:


		Estimated life in years				Gross amount				December 31, 2024, Accumulated Amortization				Net
Intangible assets not subject to amortization
Goodwill			Indefinite			$	4,238,671			$	—			$	4,238,671
Trademarks			Indefinite				514,268				—				514,268
											—
Total intangible assets not subject to amortization							4,752,939				—				4,752,939
Intangible assets subject to amortization
Customer lists			7				2,614,099				1,701,361				912,738
ABC acquired contracts			5				310,000				310,000				—
SIAS acquired contracts			5				660,000				660,000				—
Non-compete agreements			4				272,147				272,147				—
Website and Digital Assets			3				33,002				33,002				—
Total intangible assets subject to amortization							3,889,248				2,976,510				912,738
Total Goodwill and Intangible Assets						$	8,642,187			$	2,976,510			$	5,665,677

Scheduled amortization over the next four years are as follows:


Twelve months ending December 31,
2025			$	267,143
2026				267,143
2027				267,143
2028				111,309
Total			$	912,738

Amortization expense for the years ended December 31, 2024, and 2023 was $271,078 and $277,560, respectively.