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Note 7 - Intangible Assets
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

7. Intangible Assets

 

Intangible assets, net is as follows:

      

Gross

      

Net

 
  

Useful Lives

  

Carrying

  

Accumulated

  

Carrying

 

December 31, 2024

 

(Years)

  

Amount

  

Amortization

  

Amount

 

Long-lived intangible assets:

                

Sales Process

  10  $2,130,956  $(2,130,956) $- 

Paid Member Relationships

  5   803,472   (803,472)  - 

Member Lists

  5   8,186,181   (8,152,848)  33,333 

Developed Technology

  3   648,000   (648,000)  - 

Trade Name/Trademarks

  4   442,500   (442,500)  - 

Contracts acquired in RemoteMore acquisition (months)

  3 - 12   1,377,083   (1,377,083)  - 
       13,588,192   (13,554,859)  33,333 

Indefinite-lived intangible assets:

                

Trade name

              101,400 

Intangible assets, net

             $134,733 

 

      

Gross

      

Net

 
  

Useful Lives

  

Carrying

  

Accumulated

  

Carrying

 

December 31, 2023

 

(Years)

  

Amount

  

Amortization

  

Amount

 

Long-lived intangible assets:

                

Sales Process

  10  $2,130,956  $(2,073,800) $57,156 

Paid Member Relationships

  5   803,472   (803,472)  - 

Member Lists

  5   8,186,181   (8,119,514)  66,667 

Developed Technology

  3   648,000   (648,000)  - 

Trade Name/Trademarks

  4   442,500   (441,875)  625 

Contracts acquired in RemoteMore acquisition (months)

  3 - 12   1,377,083   (1,377,083)  - 
       13,588,192   (13,463,744)  124,448 

Indefinite-lived intangible assets:

                

Trade name

              101,400 

Intangible assets, net

             $225,848 

 

Future annual estimated amortization expense is summarized as follows:

 

Year ended December 31,

    

2025

 $33,333 

Net Carrying Amount

 $33,333 

 

Amortization expense related to intangible assets of $91,114 and $551,774 for the years ended December 31, 2024, and 2023, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.