Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6 – Intangible Assets

The following tables provide detail of the Company’s intangible assets:

	As of June 30, 2022
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount	Weighted Average Useful Life (in years)
Amortized intangible assets:
Member relationships	$	16,899,000	$	(281,649	)	$	16,617,351	15
Management contracts		2,021,000		(31,578	)		1,989,422	16
Customer contracts		914,000		(15,234	)		898,766	15
Trademarks		1,425,000		(37,508	)		1,387,492	7-12
PHP technology		409,000		(20,450	)		388,550	5
Indefinite life intangible - license		682,649		—			682,649	—
Total	$	22,350,649	$	(386,419	)	$	21,964,230

	As of December 31, 2021
Indefinite life intangible - license	$	682,649	$	—	$	682,649	—

Amortization expense for the three months ended June 30, 2022 and 2021 totaled $386,419 and $0, respectively. Amortization expense for the six months ended June 30, 2022 and 2021 totaled $386,419 and $0, respectively.