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Intangible Assets, Net
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

 

Intangible assets, net consisted of the following at June 30, 2022 and December 31, 2021:

 

    June 30, 2022     December 31, 2021  
    Gross           Net     Gross           Net  
    Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
    Amount     Amortization     Amount     Amount     Amortization     Amount  
Patents   $ 50,000     $ (32,500 )   $ 17,500     $ 50,000     $ (31,251 )   $ 18,749  
Trade names, trademarks product names, URLs     999,100       (526,571 )     472,529       555,000       (509,148 )     45,852  
Internally developed software     4,070,768       (2,009,216 )     2,061,552       1,990,000       (1,990,000 )     -  
Subscriber/customer relationships     3,489,553       (2,241,692 )     1,247,861       2,279,000       (2,147,058 )     131,942  
Total intangible assets   $ 8,609,421     $ (4,809,979 )   $ 3,799,442     $ 4,874,000     $ (4,677,457 )   $ 196,543  

 

Amortization expense for the three and six months ended June 30, 2022 was $86,356 and $132,522, respectively, as compared to $46,166 and $92,333 for the three and six months ended June 30, 2021, respectively. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $300,190 for the remainder of 2022, $502,745 in 2023, $502,100 in 2024, $419,536 in 2025, $371,173 in 2026 and $897,205 thereafter.