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INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consist of the following at March 31, 2024 and December 31, 2023:

 

   Useful Lives  March 31, 2024  

December 31, 2023

 
            
Customer relationships  7 years  $7,100,000   $7,100,000 
Developed technology  10 years   9,700,000    10,219,775 
Trademarks and tradenames  7 years   2,200,000    2,200,000 
Total intangible assets, gross      19,000,000    19,519,775 
Less: accumulated amortization      (3,447,858)   (3,411,332)
Total intangible assets, net     $15,552,142   $16,108,443 
SCHEDULE OF AMORTIZATION FUTURE ROLLING MATURITY

Amortization expense for the next five years is as follows:

 

For the years ending December 31,    
2024 (excluding the three months ended March 31, 2024)  $1,723,928 
2025   2,298,571 
2026   2,298,571 
2027   2,298,571 
2028   2,298,571 
Thereafter   4,633,930 
Total  $15,552,142