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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: SCHEDULE OF INTANGIBLE ASSETS
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Gross value |  |  | Accumulated amortization |  |  | Net carrying value |  |  | Gross value |  |  | Accumulated amortization |  |  | Net carrying value |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Licenses (video solutions segment) |  | $ | 151,652 |  |  | $ | 21,270 |  |  | $ | 130,382 |  |  | $ | 225,545 |  |  | $ | 89,887 |  |  | $ | 135,658 |
Patents and trademarks (video solutions segment) |  |  | 483,521 |  |  |  | 332,462 |  |  |  | 151,059 |  |  |  | 483,521 |  |  |  | 266,403 |  |  |  | 217,118 |
Sponsorship agreement network (entertainment segment) |  |  | 5,600,000 |  |  |  | 3,173,333 |  |  |  | 2,426,667 |  |  |  | 5,600,000 |  |  |  | 2,613,333 |  |  |  | 2,986,667 |
SEO content (entertainment segment) |  |  | 600,000 |  |  |  | 425,000 |  |  |  | 175,000 |  |  |  | 600,000 |  |  |  | 350,000 |  |  |  | 250,000 |
Personal seat licenses (entertainment segment) |  |  | 117,339 |  |  |  | 11,081 |  |  |  | 106,258 |  |  |  | 180,081 |  |  |  | 14,004 |  |  |  | 166,077 |
Software |  |  | 23,653 |  |  |  | — |  |  |  | 23,653 |  |  |  | - |  |  |  | - |  |  |  | - |
Website enhancements (entertainment segment) |  |  | 25,630 |  |  |  | 4,014 |  |  |  | 21,616 |  |  |  | 13,500 |  |  |  | — |  |  |  | 13,500 |
Client agreements (revenue cycle management segments) |  |  | 999,034 |  |  |  | 276,719 |  |  |  | 722,315 |  |  |  | 999,034 |  |  |  | 226,768 |  |  |  | 772,266 |
|  |  | 8,000,829 |  |  |  | 4,243,879 |  |  |  | 3,756,950 |  |  |  | 8,101,681 |  |  |  | 3,560,395 |  |  |  | 4,541,286 |
Indefinite life intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (entertainment and revenue cycle management segments) |  |  | 11,593,473 |  |  |  | — |  |  |  | 11,593,473 |  |  |  | 11,367,514 |  |  |  | — |  |  |  | 11,367,514 |
Trade name (entertainment segment) |  |  | 900,000 |  |  |  | — |  |  |  | 900,000 |  |  |  | 600,000 |  |  |  | — |  |  |  | 600,000 |
Patents and trademarks pending (video solutions segment) |  |  | 31,199 |  |  |  | — |  |  |  | 31,199 |  |  |  | 1,622 |  |  |  | — |  |  |  | 1,622 |
Total |  | $ | 20,525,501 |  |  | $ | 4,243,879 |  |  | $ | 16,281,622 |  |  | $ | 20,070,817 |  |  | $ | 3,560,395 |  |  | $ | 16,510,422 |
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 June 30, 2024 and 2023 was $346,889 and $374,714, respectively and $735,167 and $745,150 for the six months ended June 30, 2024 and 2023, 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: |  |  |
2024 (July 1, to December 31, 2024) |  | $ | 743,141 |
2025 |  |  | 1,414,848 |
2026 |  |  | 910,310 |
2027 |  |  | 116,646 |
2028 and thereafter |  |  | 572,005 |
Total |  | $ | 3,756,950 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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