XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.23.1

GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2023
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 March 31, 2023 and December 31, 2022: SCHEDULE OF INTANGIBLE ASSETS
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Gross value |  |  | Accumulated amortization |  |  | Net carrying value |  |  | Gross value |  |  | Accumulated amortization |  |  | Net carrying value |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses (video solutions segment) |  | $ | 211,183 |  |  | $ | 84,488 |  |  | $ | 126,695 |  |  | $ | 211,183 |  |  | $ | 80,378 |  |  | $ | 130,805 |
Patents and trademarks (video solutions segment) |  |  | 472,077 |  |  |  | 328,412 |  |  |  | 143,665 |  |  |  | 472,077 |  |  |  | 305,021 |  |  |  | 167,056 |
Sponsorship agreement network (entertainment segment) |  |  | 5,600,000 |  |  |  | 1,773,333 |  |  |  | 3,826,667 |  |  |  | 5,600,000 |  |  |  | 1,493,333 |  |  |  | 4,106,667 |
SEO content (entertainment segment) |  |  | 600,000 |  |  |  | 237,500 |  |  |  | 362,500 |  |  |  | 600,000 |  |  |  | 200,000 |  |  |  | 400,000 |
Personal seat licenses (entertainment segment) |  |  | 180,081 |  |  |  | 9,502 |  |  |  | 170,579 |  |  |  | 180,081 |  |  |  | 8,001 |  |  |  | 172,080 |
Client agreements (revenue cycle management segments) |  |  | 999,034 |  |  |  | 151,840 |  |  |  | 847,194 |  |  |  | 999,034 |  |  |  | 126,864 |  |  |  | 872,170 |
|  |  | 8,062,375 |  |  |  | 2,585,075 |  |  |  | 5,477,300 |  |  |  | 8,062,375 |  |  |  | 2,213,597 |  |  |  | 5,848,778 |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (entertainment and revenue cycle management segments) |  |  | 11,367,514 |  |  |  | — |  |  |  | 11,367,514 |  |  |  | 11,367,514 |  |  |  | — |  |  |  | 11,367,514 |
Trade name (entertainment segment) |  |  | 600,000 |  |  |  | — |  |  |  | 600,000 |  |  |  | 600,000 |  |  |  | — |  |  |  | 600,000 |
Patents and trademarks pending (video solutions segment) |  |  | 103,665 |  |  |  | — |  |  |  | 103,665 |  |  |  | 56,678 |  |  |  | — |  |  |  | 56,678 |
Total |  | $ | 20,133,554 |  |  | $ | 2,585,075 |  |  | $ | 17,548,479 |  |  | $ | 20,086,567 |  |  | $ | 2,213,597 |  |  | $ | 17,872,970 |
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 March 31, 2023 and 2022 was $371,478 and $357,966, 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: |  |  |
2023 (April 1, to December 31, 2023) |  | $ | 1,113,133 |
2024 |  |  | 1,432,808 |
2025 |  |  | 1,340,312 |
2026 |  |  | 856,330 |
2027 and thereafter |  |  | 734,717 |
Total |  | $ | 5,477,300 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration