XML 35 R27.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

Intangible assets and the related accumulated amortization consist of the following at June 30, 2024:

 

 

Amortization Period

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

Continuing operations:

 

 

 

 

 

 

 

 

 

 

Patents

16 years

 

$

70,746

 

 

$

48,823

 

 

$

21,923

 

 

Intangible assets and the related accumulated amortization consist of the following at December 31, 2023:

 

 

Amortization Period

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

Continuing operations:

 

 

 

 

 

 

 

 

 

 

Patents

16 years

 

$

70,746

 

 

$

46,559

 

 

$

24,187

 

 

 

 

 

 

 

 

 

 

 

 

Discontinued operations:

 

 

 

 

 

 

 

 

 

 

Customer contracts

20 years

 

$

12,170,000

 

 

$

337,313

 

 

$

11,832,687

 

Trade name

7 years

 

 

2,220,000

 

 

 

132,143

 

 

 

2,087,857

 

Intellectual property

7 years

 

 

8,870,000

 

 

 

527,976

 

 

 

8,342,024

 

 

 

 

$

23,260,000

 

 

$

997,432

 

 

$

22,262,568