Note 6 - Intangible Assets and Property and Equipment

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Intangible Assets and Property and Equipment [Text Block]

NOTE 6. INTANGIBLE ASSETS AND PROPERTY AND EQUIPMENT

The Company’s intangible assets as of December 31, 2022 are included below.

	December 31, 2022
Customer relationships	$	1,000,000
Domain names		175,000
Trade names		80,000
		1,255,000
Less: accumulated amortization		(31,074	)
Intangible assets, net	$	1,223,926

The Company did not report any comparable intangible assets as of December 31, 2021.

Amortization expenses on intangible assets during the year ended December 31, 2022 totaled $31,074. There was no comparable amortization expense for the year ended December 31, 2021.

The cost of property and equipment as of December 31, 2022 consisted of the following:

	December 31, 2022
Property and equipment	$	3,431
Less: accumulated depreciation		(3,431	)
Property and equipment, net	$	-

The Company did not report any comparable property and equipment as of December 31, 2021.

Depreciation expense was $3,431 for the year ended December 31, 2022. There was no comparable depreciation expense reported for the year ended December 31, 2021.