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GOODWILL AND OTHER INTANGIBLE ASSETS | Sep. 30, 2022
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Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 10. GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets consisted of the following at September 30, 2022 and December 31, 2021: SCHEDULE OF INTANGIBLE ASSETS
|  | September 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) |  | $ | 198,651 |  |  | $ | 76,570 |  |  | $ | 122,081 |  |  | $ | 194,286 |  |  | $ | 65,578 |  |  | $ | 128,708 |
Patents and trademarks (video solutions segment) |  |  | 472,078 |  |  |  | 268,008 |  |  |  | 204,070 |  |  |  | 493,945 |  |  |  | 233,471 |  |  |  | 260,474 |
Sponsorship agreement network (ticketing segment) |  |  | 5,600,000 |  |  |  | 1,213,333 |  |  |  | 4,386,667 |  |  |  | 5,600,000 |  |  |  | 373,333 |  |  |  | 5,226,667 |
SEO content (ticketing segment) |  |  | 600,000 |  |  |  | 162,500 |  |  |  | 437,500 |  |  |  | 600,000 |  |  |  | 50,000 |  |  |  | 550,000 |
Personal seat licenses (ticketing segment) |  |  | 180,081 |  |  |  | 6,501 |  |  |  | 173,580 |  |  |  | 201,931 |  |  |  | 2,244 |  |  |  | 199,687 |
Client agreements (revenue cycle management segments) |  |  | 999,034 |  |  |  | 101,888 |  |  |  | 897,146 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 8,049,844 |  |  |  | 1,828,800 |  |  |  | 6,221,044 |  |  |  | 7,090,162 |  |  |  | 724,626 |  |  |  | 6,365,536 |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (ticketing and revenue cycle management segments) |  |  | 11,367,514 |  |  |  | — |  |  |  | 11,367,514 |  |  |  | 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) |  |  | 41,980 |  |  |  | — |  |  |  | 41,980 |  |  |  | 5,430 |  |  |  | — |  |  |  | 5,430 |
Total |  | $ | 20,059,338 |  |  | $ | 1,828,870 |  |  | $ | 18,230,538 |  |  | $ | 17,627,139 |  |  | $ | 724,626 |  |  | $ | 16,902,513 |
Patents and trademarks pending will be amortized beginning at the time they are issued by the appropriate authorities. If issuance of the final patent or trademark is denied, then the amount deferred will be immediately charged to expense. Amortization expense for the three months ended September 30, 2022 and 2021 was $460,489 and $40,211, respectively, and $1,177,759 and $100,069, for the nine months ended September 30, 2022 and 2021, respectively. Estimated amortization for intangible assets with definite lives for the next five years ending December 31 and thereafter is as follows: SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS
Year ending December 31: |  |  |
2022 (October 1, to December 31, 2022) |  | $ | 385,204 |
2023 |  |  | 1,485,846 |
2024 |  |  | 1,435,289 |
2025 |  |  | 1,342,778 |
2026 and thereafter |  |  | 1,571,927 |
Total |  | $ | 6,221,044 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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