Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022:

	2023		2022
Balance, January 1	$	249,986	$	249,986
Acquisitions of Submersible Systems, Inc.		-		-
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, 2023:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(18,779	)	$	102,221
Customer Relationships		10		600,000		(140,000	)		460,000
Non-Compete Agreements		5		22,000		(10,266	)		11,734
Total			$	743,000	$	(169,045	)	$	573,955

Schedule of Estimated Intangible Assets Amortization Expense

The aggregate amortization remaining on the intangible assets as of December 31, 2023 is a follows:

	Intangible Amortization
2024	$	72,467
2025		72,467
2026		72,467
2027		71,367
Thereafter	$	285,187
Total	$	573,955