XML 48 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL

The following table rolls forward the Company’s goodwill balance for the periods ended December 31, 2024 and 2023 exclusive of discontinued operations. 

 

    Goodwill  
December 31, 2022   $ 14,287,099  
Goodwill impairment     (7,594,000 ) 
December 31, 2023, and December 31, 2024     6,693,099  

The following table rolls forward the Company’s goodwill balance for the periods ended December 31, 2024, and December 31, 2023 inclusive of discontinued operations.

 

    Goodwill  
December 31, 2022   $ 19,112,733  
Goodwill impairment (Medigap-discontinued operations)     (4,825,634 ) 
Goodwill impairment     (7,594,000 ) 
December 31, 2024     6,693,099  
 
SCHEDULE OF INTANGIBLE ASSETS AND WEIGHTED-AVERAGE REMAINING AMORTIZATION PERIOD

The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2024:

 

    Weighted
Average
Remaining
Amortization
period (Years)		     Gross
Carrying
Amount		     Accumulated
Amortization		    

Net 

Carrying
Amount 

  
Trade name and trademarks     1.8     $ 1,808,087     $ (1,586,651 )   $ 221,436  
Internally developed software     2.3       1,733,817       (948,706 )     785,111  
Customer relationships     5.8       7,372,290       (3,180,376 )     4,191,914  
Purchased software     2.0       565,704       (563,470 )     2,234  
Non-competition agreements     1.3       3,504,810       (3,281,608 )     223,202  
Total           $ 14,984,708     $ (9,560,811 )   $ 5,423,897  

 

The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2023:

  

    Weighted
Average
Remaining
Amortization
period (Years)		     Gross
Carrying
Amount		     Accumulated
Amortization		    

Net

Carrying
Amount

  
Trade name and trademarks     1.5     $ 1,807,189     $ (1,320,939 )   $ 486,250  
Internally developed software     3.2       1,798,922       (650,029 )     1,148,893  
Customer relationships     8.0       11,922,290       (3,193,629 )     8,728,661  
Purchased software     0.3       667,206       (618,418 )     48,788  
Video Production Assets     -       50,000       (50,000 )     -  
Non-competition agreements     0.9       3,504,810       (2,874,645 )     630,165  
Total           $ 19,750,417     $ (8,707,660 )   $ 11,042,757  
SCHEDULE OF AMORTIZATION EXPENSE OF ACQUIRED INTANGIBLES ASSETS

The following table reflects expected amortization expense as of December 31, 2024, for each of the following five years and thereafter:

 

Years ending December 31,   Amortization Expense  
2025   $ 1,404,828  
2026     1,156,003  
2027     815,374  
2028     724,553  
2029     523,619  
Thereafter     799,520  
Total   $ 5,423,897