INTANGIBLES, NET

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLES, NET

NOTE 5 – INTANGIBLES, NET

Intangible assets consisted of the following as of March 31, 2024 and December 31, 2023:

	March 31,			December 31,
	2024			2023
Customer Lists	$	1,137,807		$	1,137,807
Intellectual Property		5,228,548			5,228,548
Tradenames		509,818			509,818
Noncompete Agreement		282,948			282,948
Less: accumulated amortization		(697,200	)		(505,091	)
Net book value	$	6,461,921		$	6,654,030

Amortization expense from intangible assets was $192,109 and $6,875 for the three months ended March 31, 2024 and 2023, respectively.

As a result of the Titan Merger, the Company recorded $5,228,548 of intellectual property, $509,818 of tradenames, a $450,307 customer list, and a $282,948 noncompete agreement on the acquisition date (Note 3 – Business Combinations).

Future amortization expense from intangible assets as of March 31, 2024 were as follows: 

	For the Years Ended,
	December 31,
Remainder of 2024	$	580,357
2025		770,356
2026		770,356
2027		770,356
2028		711,930
Thereafter		2,858,566
Total remaining amortization expense	$	6,461,921