INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

3.     INTANGIBLE ASSETS, NET

Intangible assets consist of the following: 

	September 30, 2023		December 31, 2022
Patents and trademarks	$	38,186	$	38,186
Platform		18,394,468		13,656,014
Customer lists and contracts		1,177,200		1,177,200
Licenses		209,282		209,282
Hosting implementation		43,400		–
Contract assets		150,000		185,000
		20,012,536		15,265,682
Less: accumulated amortization		12,128,365		9,608,960
Intangible assets, net	$	7,884,171	$	5,656,722

Intangible assets are amortized over their useful lives ranging from periods of 3 to 15 years. Amortization expense for the three months ended September 30, 2023 and 2022 was $937,210 and $625,125, respectively. Amortization expense for the nine months ended September 30, 2023 and 2022 was $2,524,266 and $1,747,254, respectively.