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Intangible Assets, Net
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible assets, net
4.
Intangible assets, net

 

 

 

June 30, 2024

$

 

December 31, 2023

$

 

Software

 

1,014,094

 

1,009,272

 

In development intangible asset

 

3,218,169

 

1,862,465

 

 

 

4,232,263

 

2,871,737

 

Less - Accumulated amortization

 

(835,774

)

(736,834

)

Intangible assets, net

 

3,396,489

 

2,134,903

 

 

Amortization expense in each of the six months ended June 30, 2024 and June 30, 2023 was $ $98,940.

7.
Intangible assets, net

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(as restated)

 

 

(as restated)

 

Software

 

$

1,009,272

 

 

$

989,400

 

In development intangible asset

 

 

1,862,465

 

 

 

 

 

 

2,871,737

 

 

 

989,400

 

Less—Accumulated amortization

 

 

(736,834

)

 

 

(538,954

)

Intangible assets, net

 

$

2,134,903

 

 

$

450,446

 

 

Amortization expense for each of the years ended December 31, 2023 and 2022 was $197,800.

As of December 31, 2023, expected amortization expense over the remaining intangible asset lives is as follows:

 

2024

 

$

183,578

 

2025

 

 

445,453

 

2026

 

 

376,468

 

2027

 

 

376,468

 

2028

 

 

376,468

 

Thereafter

 

 

376,468

 

 

$

2,134,903