INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2024

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

On April 1, 2024, the Company, through its subsidiary Revenue Zen LLC, acquired certain assets from First Page LLC, for a purchase price of $35,000 and 18% of the gross revenue earned on the acquired assets for the next 36 months.

The following table represents the balances of intangible assets as of September 30, 2024 and December 31, 2023:

	Estimated life	September 30, 2024			December 31, 2023
Website Domains	Indefinite	$	418,323		$	418,323
Website Domains	4 years		1,612,572			1,278,575
Customer relationships	4-6 years		2,425,833			1,656,447
Trademarks and Tradenames	10 years		1,046,165			481,026
Non-compete agreements	3 years		335,388			143,675
			5,838,281			3,978,046
Accumulated Amortization - Website domains			(618,846	)		(326,490	)
Accumulated Amortization - Customer Relationships			(878,230	)		(422,608	)
Accumulated Amortization - Trademarks / Tradenames			(132,818	)		(59,713	)
Accumulated Amortization - Non-Compete			(138,592	)		(59,031	)
Net Intangible		$	4,069,795		$	3,110,204

On January 1, 2024, the Company closed on its acquisition of the RevenueZen LLC. As part of the acquisition, the Company acquired assets related to the websites operated by RevenueZen. Pursuant to the purchase price allocation as further described in Note 4, the Company allocated $1,231,000, which is to be amortized over the estimated life of the assets ranging from 2-10 years.

On June 24, 2024, the Company closed on its acquisition of the DDS Rank LLC. As part of the acquisition, the Company acquired assets related to the websites operated by DDS Rank. Pursuant to the purchase price allocation as further described in Note 4, the Company allocated $600,000, which is to be amortized over the estimated life of the assets ranging from 2-10 years.

For the three months ended September 30, 2024 and 2023, the Company recognized $335,486 and $146,680, respectively, of amortization expense related to intangible assets. For the nine months ended September 30, 2024 and 2023, the Company recognized $891,288 and $549,914, respectively, of amortization expense related to intangible assets.

The following is an amortization analysis of the annual amortization of intangible assets on a fiscal year basis as of September 30, 2024:

For the year ended December 31,	Amount
2024 (3 months remaining)	$	357,980
2025		1,320,884
2026		924,372
2027		347,770
2028		450,711
Thereafter		249,755
Total remaining intangibles amortization		3,651,472