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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

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

 

   Useful Lives 

December 31,

2023

  

December 31,

2022

 
            
Customer relationships  7 years  $7,100,000   $7,100,000 
Developed technology  10 years   10,219,775    9,858,594 
Trademarks and tradenames  7 years   2,200,000    2,200,000 
Total intangible assets, gross      19,519,775    19,158,594 
Less: accumulated amortization      (3,411,332)   (578,608)
Total intangible assets, net     $16,108,443   $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,     
2024  $2,314,431 
2025   2,314,431 
2026   2,314,431 
2027   2,314,431 
2028   2,314,431 
Thereafter   4,536,288 
Total  $16,108,443