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Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 5 -Intangible Assets

 

Our Federal Communication Commission Licenses (“FCC”) and domain name are considered indefinite-lived intangible assets that are not amortized, but instead are tested at least annually for impairment. The Market Advantage intangible asset is being amortized on a straight-line basis over 94 months from the acquisition date. Amortization expense for the three months ended March 31, 2022 and 2021 was $6,260 and $0, respectively.

 

   March 31, 2022 
   Cost   Amortization   Net 
Domain Name  $172,427   $-   $172,427 
Market Advantage   58,843    6,260    52,583 
FCC Licenses   10,159,063    -    10,159,063 
                
   $10,390,333   $6,260   $10,384,073 

 

Future amortization expense of the intangible assets is as follows:

 

For the Twelve Months Ending

March 31,

    
2022  $7,512 
2023   7,512 
2024   7,512 
2025   7,512 
2026   7,512 
Thereafter   15,023 
Total  $52,583