Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets

Schedule of Intangible assets

	JUNE 30, 2023
	Gross Carrying		Accumulated			Net Book
	Amount		Amortization			Value
	(Unaudited)
Customer Relationships	$	2,392,000	$	(418,600	)	$	1,973,400
Channel Relationships		2,628,080		(1,606,049	)		1,022,031
Internally Developed Software		5,948,614		(3,303,080	)		2,645,534
Trade Name and Trademarks		1,330,472		(298,844	)		1,031,628
	$	12,299,166	$	(5,626,573	)	$	6,672,593

	DECEMBER 31, 2022
	Gross Carrying		Accumulated			Net Book
	Amount		Amortization			Value
Customer Relationships	$	2,392,000	$	(299,000	)	$	2,093,000
Channel Relationships		2,628,080		(1,518,446	)		1,109,634
Internally Developed Software		5,665,957		(2,546,407	)		3,119,550
Trade Name and Trademarks		1,330,472		(254,496	)		1,075,976
	$	12,016,509	$	(4,618,349	)	$	7,398,160

Schedule of Estimated annual amortization of Intangible assets

As of June 30, 2023, estimated annual amortization for our intangible assets is approximately:

Remainder of 2023	$	982,574
2024		1,789,347
2025		1,115,785
2026		518,675
2027		503,106
Thereafter		1,763,106
Total	$	6,672,593