Intangible Asset

6 Months Ended

Jun. 30, 2022

Intangible Assets [Abstract]

Intangible Asset

Note 5. Intangible Asset

The gross carrying amount and net book value of our intangible asset are as follows:

	Estimated fair value			Remaining Weighted-Average Useful Life
Balance at December 31, 2021	$	—
Gross Carrying Amount		63,800,000		10-years
Accumulated Amortization		(925,650	)
Net Book Value at June 30, 2022	$	62,874,350

Based on finite-lived intangible assets recorded as of June 30, 2022, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows:

	Estimated Amortization Expense
2022		3,213,578
2023		6,374,760
2024		6,392,226
2025		6,374,760
2026		6,374,760
Thereafter		34,144,266
Total	$	62,874,350