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Goodwill and other intangibles (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill

The change in the carrying amount of goodwill from December 31, 2022, to March 31, 2023, is as follows:

      
December 31, 2022  $19,266,276 
Acquisition of Abaca   - 
March 31, 2023  $19,266,276 
Schedule of Finite Lived Intangible Assets

The following is a summary of the Company’s finite-lived intangible assets as of March 31, 2023:

     

Finite-lived intangible assets, net

   Acquired in
acquisition
   Amortization  

Finite-lived intangible assets, net

 
   Remaining
Useful life
in Years
  

December 31,
2022

   Acquired in
acquisition
   Amortization  

March 31,
2023

 
Market related intangible assets   8    2,066,918    -    65,625    2,001,293 
Customer relationships   10    1,974,795    -    50,000    1,924,795 
Developed technology   7    6,579,374    -    239,286    6,340,088 
Total intangible assets        10,621,087    -    354,911    10,266,176 

 

Following is a summary of the Company’s finite-lived intangible assets as of December 31, 2022.

          

Acquired in acquisition

  

Amortization

  

Finite-lived intangible assets, net

 
   Remaining
Useful life
in Years
   December 31,
2021
   Acquired
in
acquisition
   Amortization   December 31,
2022
 
Market related intangible assets   8        -   $2,100,000   $33,082   $2,066,918 
Customer relationships   10    -    2,000,000    25,205    1,974,795 
Developed technology   7    -    6,700,000    120,626    6,579,374 
Total intangible assets            $10,800,000   $178,913   $10,621,087