Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Intangible Assets [Abstract]

Schedule of Components of Intangible Assets

The components of intangible assets, all of which are finite lived, were as follows:

	June 30, 2024							December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Useful Life
Patents	$	153,788	$	(48,447	)	$	105,341	$	117,810	$	(43,153	)	$	74,657		10
Patents in process		124,959		-			124,959		142,239		-			142,239		N/A
Licenses		241,909		(101,952	)		139,957		241,909		(89,859	)		152,050		10
Software		227,049		(185,959	)		41,090		211,411		(167,412	)		43,999		3
Trademarks		3,230,000		(937,731	)		2,292,269		3,230,000		(776,235	)		2,453,765		10
FAA waiver		5,930,000		(1,721,593	)		4,208,407		5,930,000		(1,425,101	)		4,504,899		10
Developed technology		27,977,331		(7,098,336	)		20,878,995		27,977,331		(5,632,170	)		22,345,161		3 - 10
Non-compete agreements		840,000		(840,000	)		-		840,000		(840,000	)		-		1
Marketing-related assets		890,000		(127,040	)		762,960		890,000		(82,540	)		807,460		10
Customer relationships		1,010,000		(306,048	)		703,952		1,010,000		(205,048	)		804,952		5
	$	40,625,036	$	(11,367,106	)	$	29,257,930	$	40,590,700	$	(9,261,518	)	$	31,329,182

Schedule of Expected Amortization Expense

Estimated amortization expense for the next five years for the intangible assets currently being amortized is as follows:

Year Ending December 31,	Estimated Amortization
2024 (6 months)	$	2,107,667
2025	$	4,158,575
2026	$	4,074,847
2027	$	4,063,210
2028	$	3,791,692
Thereafter	$	11,061,939
Total	$	29,257,930