Note 4 - Intangible Assets

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 4 – Intangible Assets

Intangible assets as of December 31, 2024 and 2023 consisted of the following:

	Weighted Average Amortization Period (Years)	Cost, Net of Impairment		Accumulated Amortization		Net
Balance, December 31, 2024
Acquired technology	5	$	24,700	$	11,538	$	13,162
		$	24,700	$	11,538	$	13,162
Balance, December 31, 2023
Customer relationships	5 - 10	$	208,124	$	208,124	$	-
Acquired technology	3 - 5		808,700		790,588		18,112
Software in development	N/A		150,000		-		150,000
		$	1,166,824	$	998,712	$	168,112

The Company sold $150,000 of software in development to a third party during the year ended December 31, 2024. During the year ended December 31, 2023, the Company recorded $849,565 of impairment charges to the customer relationship and internally developed software in Affiliate Marketing segment due to the loss of future revenues by the exit of Affiliate Marketing segment's largest customer from the European market. Amortization expense for the years ended  December 31, 2024 and 2023was $4,950 and $97,125 respectively, for continued operations. Estimated future amortization expense related to the intangible assets placed into service is $5,032 per year through August  31, 2027.