Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Goodwill

The following table sets forth the changes in the carrying amount of the Company’ Goodwill for the years ended December 31, 2022 and 2021:

	2022		2021
Balance, January 1	$	249,986	$	-
Acquisitions of Submersible Systems, Inc.		-		249,986
Balance, December 31	$	249,986	$	249,986

Summary of Intangible Assets

The following table sets forth the components of the Company’s intangible assets at December 31, 2022:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(10,712	)	$	112,299
Customer Relationships		10		600,000		(80,000	)		520,000
Non-Compete Agreements		5		22,000		(5,867	)		16,133
Total			$	743,000	$	(96,622	)	$	646,422

Schedule of Estimated Intangible Assets Amortization Expenses

The aggregate amortization remaining on the intangible assets as of December 31, 2022 is a follows:

	Intangible Amortization
2023	$	72,467
2024		72,467
2025		72,467
2026		71,367
Thereafter		357,654
Total	$	646,422