INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

Our amortizable intangible assets primarily consist of customer relationships acquired pursuant to business combinations and represent the value of the business relationship with those customers.

The following table summarizes information relating to our acquired amortizable intangible assets:

	As of June 30, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Estimated Useful Lives
Customer relationships	$	6,089,105	$	(5,282,174)	$	806,931	$	6,089,050	$	(5,137,180)	$	951,870	1 to 18 years
Trade names	1,010,000		(1,010,000)		—		1,010,000		(1,010,000)		—		4 to 7 years
Other amortizable intangibles	52,542		(44,369)		8,173		51,909		(42,974)		8,935		1 to 15 years
	$	7,151,647	$	(6,336,543)	$	815,104	$	7,150,959	$	(6,190,154)	$	960,805

Amortization expense for the three and six months ended June 30, 2025 aggregated $72,319 and $146,389, respectively, and $83,084 and $167,108 for the three and six months ended June 30, 2024, respectively.

Goodwill and the value of indefinite-lived cable franchises acquired in business combinations are not amortized. Rather, such assets are tested for impairment annually as of October 1, or whenever events or changes in circumstances indicate that it is more likely than not that the assets may be impaired. A deterioration in the Company’s operating performance, projected future performance or broader macro-economic conditions could be a triggering event that would require testing and may result in an impairment charge prior to the annual testing date. The carrying amount of indefinite-lived cable franchise rights was $13,211,308 and goodwill was $8,041,217 as of June 30, 2025 and December 31, 2024.