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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 7. INTANGIBLE ASSETS

 

The Company’s intangible assets as of June 30, 2023 and December 31, 2022 are included below.

 SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS

   June 30, 2023   December 31, 2022 
         
Customer relationships  $3,294,768   $1,000,000 
Domain names   175,000    175,000 
Trade names   80,000    80,000 
Investment management agreements   23,416    - 
Noncompete   23,416    - 
Intangible assets, gross   3,596,600    1,255,000 
Less: accumulated amortization   (135,546)   (31,074)
Intangible assets, net  $3,461,054   $1,223,926 

 

Amortization expenses on intangible assets during the three- and six-month periods ended June 30, 2023 totaled $83,757 and $104,472, respectively. There was no comparable amortization expense for the three- and six-month periods ended June 30, 2022.