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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets, Net

Other intangible assets, net. Other intangible assets, net consisted of the following at December 31, 2022 and 2021:

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Patents

 

$

13,507,997

 

 

$

13,507,997

 

Customer relationships

 

 

14,040,856

 

 

 

14,040,856

 

Trademarks

 

 

2,880,967

 

 

 

2,880,967

 

Intellectual property

 

 

2,000,000

 

 

 

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Software

 

 

968,362

 

 

 

283,340

 

Other intangible assets, gross

 

 

34,058,182

 

 

 

31,373,160

 

Less: accumulated amortization

 

 

(20,152,071

)

 

 

(17,695,896

)

Other intangible assets, net

 

$

13,906,111

 

 

$

13,677,264

 

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense is as follows:

 

Years Ended December 31,

 

Total

 

2023

 

$

1,841,923

 

2024

 

 

1,802,471

 

2025

 

 

1,795,313

 

2026

 

 

1,651,554

 

2027

 

 

1,603,634

 

Thereafter

 

 

5,211,216

 

Total

 

$

13,906,111