INTANGIBLE ASSETS AND PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

INTANGIBLE ASSETS AND PROPERTY AND EQUIPMENT

NOTE 7. INTANGIBLE ASSETS AND PROPERTY AND EQUIPMENT

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

	December 31, 2023			December 31, 2022
Customer relationships	$	3,294,768		$	1,000,000
Domain names		144,826			175,000
Trade names		80,000			80,000
Investment management agreements		23,416			-
Noncompete		23,416			-
		3,566,426			1,255,000
Less: accumulated amortization		(411,136	)		(31,074	)
Intangible assets, net	$	3,155,290		$	1,223,926

Amortization expenses on intangible assets during the years ended December 31, 2023 and 2022 totaled $380,062 and $31,074, respectively.

The cost of property and equipment as of December 31, 2023 and 2022 consisted of the following:

	December 31, 2023			December 31, 2022
Property and equipment	$	108,501		$	3,431
Less: accumulated depreciation		(1,808	)		(3,431	)
Property and equipment, net	$	106,693		$	-

Depreciation expense was $1,808 and $3,431 for the years ended December 31, 2023 and 2022, respectively.