XML 51 R29.htm IDEA: XBRL DOCUMENT v3.23.3
INTANGIBLES, NET (Tables)
6 Months Ended
Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF ACQUIRED INTANGIBLE ASSETS

Intangible assets consisted of the following as of June 30, 2023 and December 31, 2022:

 

   June 30,   December 31, 
   2023   2022 
Customer Lists  $687,500   $687,500 
Intellectual Property   10,333,144    - 
Tradenames   275,447    - 
Noncompete Agreement   72,886    - 
Less: accumulated amortization   (176,599)   - 
Net book value  $11,192,378   $687,500 
SCHEDULE OF FUTURE AMORTIZATION EXPENSE

Future amortization expense from intangible assets as of June 30, 2023 were as follows:

SCHEDULE OF FUTURE AMORTIZATION EXPENSE

   December 31, 
   For the Year Ended, 
   December 31, 
Remainder of 2023  $597,597 
2024   1,188,698 
2025   1,185,450 
2026   1,185,450 
2027   1,185,450 
Thereafter   5,849,733 
Total remaining amortization expense  $11,192,378 
Titan Trucking LLC [Member]  
Restructuring Cost and Reserve [Line Items]  
SCHEDULE OF ACQUIRED INTANGIBLE ASSETS

Intangible assets acquired consisted of the following as of December 31, 2022 and 2021: 

 

   December 31,
2022
   December 31,
2021
 
Customer lists  $687,500   $- 
Less: accumulated amortization   -    - 
Net book value  $687,500   $-