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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following at June 30, 2022 and December 31, 2021:

 

   June 30, 2022   December 31, 2021 
   Gross
value
   Accumulated
amortization
   Net
carrying
value
   Gross
value
   Accumulated
amortization
   Net
carrying
value
 
Amortized intangible assets:                              
Licenses (video solutions segment)  $194,286   $73,866   $120,420   $194,286   $65,578   $128,708 
Patents and trademarks (video solutions segment)   493,945    303,485    190,460    493,945    233,471    260,474 
Sponsorship agreement network (ticketing segment)   5,600,000    933,333    4,666,667    5,600,000    373,333    5,226,667 
SEO content (ticketing segment)   600,000    125,000    475,000    600,000    50,000    550,000 
Personal seat licenses (ticketing
segment)
   201,931    5,583    196,348    201,931    2,244    199,687 
Client agreements (revenue cycle management segments)   792,079        792,079             
                               
    7,882,241    1,441,267    6,440,974    7,090,162    724,626    6,365,536 
                               
Indefinite life intangible assets:                              
Goodwill (ticketing and revenue cycle management segments)   11,574,468        11,574,468    9,931,547        9,931,547 
Trade name (ticketing segment)   600,000        600,000    600,000        600,000 
Patents and trademarks pending
(video solutions segment)
   60,027        60,027    5,430        5,430 
                               
Total  $20,116,736   $1,441,267   $18,675,469   $17,627,139   $724,626   $16,902,513 
SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS

 

Year ending December 31:    
2022 (July 1, to December 31, 2022)  $813,792 
2023   1,448,622 
2024   1,398,065 
2025   1,311,958 
2026 and thereafter   1,468,537 
Total  $6,440,974