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Intangible Assets, Net
 6 Months Ended
Jun. 30, 2025
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

 

Intangible assets, net consisted of the following at June 30, 2025 and December 31, 2024:

 

   June 30, 2025 (unaudited)*   December 31, 2024 
   Gross       Net   Gross       Net 
   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   Amount   Amortization   Amount   Amount   Amortization   Amount 
Patents  $50,000   $(40,000)  $10,000   $50,000   $(38,750)  $11,250 
Trade names, trademarks product names, URLs   2,664,425    (361,343)   2,303,082    1,022,425    (726,028)   296,397 
Internally developed software   2,190,006    (957,695)   1,232,311    4,180,005    (2,791,266)   1,388,739 
Subscriber/customer relationships   6,549,101    (1,650,889)   4,898,212    3,553,102    (3,366,707)   186,395 
Order Backlog   438,000    (219,000)   219,000    
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Total intangible assets  $11,891,532   $(3,228,927)  $8,662,605   $8,805,532   $(6,922,751)  $1,882,781 

 

* Amounts at June 30, 2025 reflect the Company’s intangible assets following the Acquisition and Divestiture.

 

Amortization expense for the three and six months ended June 30, 2025 was $552,111, and $1,130,176, respectively, as compared to $205,583 and $411,166, respectively, for the three and six months ended June 30, 2024. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $943,781 in 2025, $1,449,562 in 2026, 2027 and 2028, $1,235,295 in 2029 and $2,134,843 thereafter.