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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 5. INTANGIBLE ASSETS

 

Intangible assets are comprised of the following:

 

   March 31, 2022   December 31, 2021 
Developed technology  $7,000,000   $7,000,000 
Customer contracts   6,400,000    6,400,000 
Trademarks   1,500,000    1,500,000 
Intangible assets, gross   14,900,000    14,900,000 
Accumulated amortization   (14,705,556)   (14,663,889)
Intangible assets, net  $194,444   $236,111 

 

Amortization expense related to intangible assets for the three months ended March 31, 2022 and 2021 was $41,667 and $291,666, respectively.