Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2024 and December 31, 2023:

		December 31, 2024
		Gross carrying value		Accumulated Amortization		Net carrying value
Customer relationships	4.5– 15 years	$	11,613,000	$	(6,736,666)	$	4,876,334
Trade name	15 years	783,000		(449,319)		333,681
Trademark	10 years	533,864		(195,862)		338,002
Backlog	3 years	3,210,000		(1,984,267)		1,225,733
Non-compete agreement	2 years	680,000		(660,000)		20,000
		$	16,819,864	$	(10,026,114)	$	6,793,750

		December 31, 2023
Customer relationships	4.5– 15 years	$	11,961,000	$	(5,529,674)	$	6,431,326
Trade name	4.5 years	783,000		(363,938)		419,062
Trademark	15 years	533,864		(145,277)		388,587
Backlog	2 years	3,210,000		(1,513,986)		1,696,014
Non-compete agreement	3-4 years	684,000		(648,125)		35,875
		$	17,171,864	$	(8,201,000)	$	8,970,864

Schedule of Future Amortization of Intangible Assets

Future amortization of the intangible assets for the next five years as of December 31 are as follows:

2025	$	1,422,149
2026	1,218,182
2027	1,014,558
2028	528,784
2029	441,568
Thereafter	2,168,509
Total	$	6,793,750

Schedule of Goodwill

The following table presents changes to goodwill for the years ended December 31, 2024 and 2023 for each reporting unit:

	Corvus		SSI		MFSI		Merrison		Total
December 31, 2022	$	6,387,741	$	8,461,150	$	685,073	$	—	$	15,533,964
Goodwill acquired through acquisition	—		2,102,037		—		—		2,102,037
Merrison subsumed into Corvus	(4,429,000)		(1,845,094)		(645,000)		—		(6,919,094)
December 31, 2023	1,958,741		8,718,093		40,073		—		10,716,907
Goodwill removed through disposition	—		—		(40,073)		—		(40,073)
December 31, 2024	$	1,958,741	$	8,718,093	$	—	$	—	$	10,676,834