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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

 

Intangible assets were comprised of the following:

 

   March 31,   December 31, 
   2023   2022 
Developed technology  $7,000,000   $7,000,000 
Customer contracts   6,400,000    6,400,000 
Trademarks   1,500,000    1,500,000 
Less: accumulated amortization   (14,872,222)   (14,830,556)
Total intangible assets, net  $27,778   $69,444 

 

Amortization expense related to intangible assets for the three months ended March 31, 2023 and 2022 was $41,667 and $41,667, respectively.