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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
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  
     
 
 
    
 
 
    
 
 
 
Intangible assets and the related accumulated amortization consist of the following at December 31, 2022:
 
    
Amortization

Period
    
Gross
Carrying

Value
    
Accumulated

Amortization
    
Net Book

Value
 
Continuing operations:
           
Patents
     16 years      $ 70,746      $ 42,044      $ 28,702  
     
 
 
    
 
 
    
 
 
 
Summary of Amortization Expense Related to Intangible Assets
Amortization expense related to the Company’s intangible assets for future years is as follows:
 
    
Continuing
Operations
    
Discontinued
Operations
 
2024
   $ 4,528      $ 2,648,741  
2025
     4,516        2,679,576  
2026
     4,516        2,715,903  
2027
     4,090        2,690,449  
2028
     2,451        2,622,896  
Thereafter
     4,086        8,905,003  
  
 
 
    
 
 
 
   $ 24,187      $ 22,262,568