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INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consist of the following at June 30, 2023 and December 31, 2022:

 

 

   Useful Lives 

June 30,

2023

  

December 31,

2022

 
            
Customer relationships  7 years  $7,100,000   $7,100,000 
Developed technology  10 years   10,017,845    9,858,594 
Trademarks and tradenames  7 years   2,200,000    2,200,000 
Total intangible assets, gross      19,317,845    19,158,594 
Less: accumulated amortization      (1,739,354)   (578,608)
Total intangible assets, net     $17,578,491   $18,579,986 
SCHEDULE OF AMORTIZATION FUTURE ROLLING MATURITY

Amortization expense for the next five years is as follows:

 

 

For the years ending December 31,    
2023 (excluding the six months ended June 30, 2023)  $1,157,216 
2024   2,314,431 
2025   2,314,431 
2026   2,314,431 
2027   2,314,431 
Thereafter   7,163,551 
Total  $17,578,491