GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

8. GOODWILL AND INTANGIBLE ASSETS

Goodwill
Balance as of December 31, 2021, 2022 and March 31, 2023	$	2,534,275
Indefinite Lived Intangible Assets
Balance as of December 31, 2021, 2022 and March 31, 2023	$	770,000

Goodwill relates to the acquisition of ENP Investments. Indefinite lived intangible assets consist of trade secrets and trademarks related to the acquisition of ENP Investments.

Definite Life Intangible Assets
Balance as of December 31, 2021	$	1,830,000
Amortization		(160,000	)
Balance as of December 31, 2022		1,670,000
Amortization		(40,000	)
Balance as of March 31, 2023	$	1,630,000

Definite life intangible assets consist of customer relationships and software related to the acquisition of ENP Investments.

Estimated amortization expense over the next five years is as follows:

2023	$	160,000
2024		160,000
2025		160,000
2026		160,000
2027		160,000