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Intangible Assets, Net

9 Months Ended

Sep. 30, 2023

Intangible Assets, Net [Abstract]

Intangible Assets, Net

3. Intangible Assets, Net

Intangible assets, net consisted of the following at September 30, 2023 and December 31, 2022:

		September 30, 2023 (unaudited)												December 31, 2022
		Gross								Net				Gross								Net
		Carrying				Accumulated				Carrying				Carrying				Accumulated				Carrying
		Amount				Amortization				Amount				Amount				Amortization				Amount
Patents		$	50,000			$	(35,625	)		$	14,375			$	50,000			$	(33,750	)		$	16,250
Trade names, trademarks product names, URLs			1,022,425				(623,821	)			398,604				1,022,425				(562,114	)			460,311
Internally developed software			4,180,005				(2,400,193	)			1,779,812				4,180,005				(2,165,550	)			2,014,455
Subscriber/customer relationships			3,553,102				(2,835,832	)			717,270				3,553,102				(2,517,307	)			1,035,794
Total intangible assets		$	8,805,532			$	(5,895,471	)		$	2,910,061			$	8,805,532			$	(5,278,721	)		$	3,526,811

Amortization expense for the three and nine months ended September 30, 2023 was $205,583 and $616,750 respectively, as compared to $206,725 and $339,247 for the three and nine months ended September 30, 2022, respectively. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $205,584 for the remainder of 2023, $821,687 in 2024, $568,529 in 2025, $382,133 in 2026, $382,133 in 2027 and $549,995 thereafter.