INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

Intangible assets are amortized over expected useful lives ranging from 1.5 to 10 years and consist of the following:

	June 30, 2022							December 31, 2021
	Carrying Amount		Accumulated Amortization and Impairment			Net Book Value		Carrying Amount		Accumulated Amortization and Impairment			Net Book Value
Acquired technology	$	10,100,000	$	(6,254,371	)	$	3,845,629	$	10,100,000	$	(5,814,486	)	$	4,285,514
Customer relationships		4,650,000		(4,553,529	)		96,471		4,650,000		(4,517,353	)		132,647
Trademarks		2,300,000		(2,066,670	)		233,330		2,300,000		(2,016,670	)		283,330
Total	$	17,050,000	$	(12,874,570	)	$	4,175,430	$	17,050,000	$	(12,348,509	)	$	4,701,491