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Goodwill and Intangible Assets, Net
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

Note 7. Goodwill and Intangible Assets, Net

 

The following table sets for the changes in the carrying amount of the Company’ Goodwill for the quarter ended September 30, 2022.

 

 Summary of Changes in Goodwill

   2022 
Balance, January 1  $249,986 
Addition:   - 
Balance, September 30  $249,986 

 

The following table sets for the components of the Company’s intangible assets at September 30, 2022:

 

 Summary of Intangible Assets

   Amortization Period (Years)   Cost   Accumulated Amortization   Net Book Value 
                 
Intangible Assets Subject to amortization                    
Trademarks   15   $121,000   $(8,695)  $112,305 
Customer Relationships   10    600,000    (65,000)   535,000 
Non-Compete Agreements   5    22,000    (4,767)   17,233 
Total       $743,000   $(78,462)  $664,538 

 

The aggregate amortization remaining on the intangible assets as of September 30, 2022 is a follows:

 

 Schedule of Estimated Intangible Assets Amortization Expenses

   Intangible Amortization  
2022 (3 months remaining)  $ 18,108  
2023    72,467  
2024    72,467  
2025    72,467  
2026    71,367  
Thereafter  357,662  
Total  $ 664,538