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Intangible Assets, Net, Continuing Operations
 12 Months Ended
Dec. 31, 2024
Intangible Assets, Net, Continuing Operations [Abstract]  
Intangible Assets, Net, Continuing Operations

4. Intangible Assets, Net, Continuing Operations

 

Intangible assets, net consisted of the following for the periods presented:

 

   December 31, 
   2024   2023 
   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		 
Patents  $50,000   $(38,750)  $11,250   $50,000   $(36,250)  $13,750 
Trade names, trademarks, product names, URLs   1,022,425    (726,028)   296,397    1,022,425    (644,390)   378,035 
Internally developed software   4,180,005    (2,791,266)   1,388,739    4,180,005    (2,478,408)   1,701,597 
Subscriber/customer relationships   3,553,102    (3,366,707)   186,395    3,553,102    (2,942,007)   611,095 
Total intangible assets  $8,805,532   $(6,922,751)  $1,882,781   $8,805,532   $(6,101,055)  $2,704,477 

 

During the year ended December 31, 2023, in connection with the previously acquired ManyCam assets and pursuant to the securities purchase agreement related to such asset acquisition, the Company made an earn-out payment of $85,000 because the sales of the ManyCam software, less chargebacks and refunds, in the six-month period following the closing of the acquisition exceeded $600,000 but were less than $700,000. No intangible assets were sold in the Divestiture.

 

Amortization expense for the years ended December 31, 2024 and 2023 was $821,696 and $822,334, respectively. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $568,529 in 2025, $382,133 in 2026, $382,133 in 2027, $382,133 in 2028, and $167,853 thereafter.