INTANGIBLE ASSETS, NET (Tables)

9 Months Ended

Sep. 30, 2024

INTANGIBLE ASSETS, NET

Schedule of intangible assets, net

							Adjusted
	September 30,		December 31,				December 31,
	2024		2023		Reclassification		2023
Consumer
Technology	$	409,896	$	371,352	$	—	$	371,352
Customer lists		13,000		—		—		—
Assets under development (2)		7,551		—		—		—
		430,447		371,352		—		371,352
Less: accumulated amortization		(377,562)		(365,852)		—		(365,852)
Sub-total		52,885		5,500		—		5,500
Commercial
Trademarks/tradenames		2,869,000		2,869,000		—		2,869,000
Customer contracts		1,873,000		1,873,000		—		1,873,000
Customer relationships		1,809,000		1,809,000		—		1,809,000
		6,551,000		6,551,000		—		6,551,000
Less: accumulated amortization		(2,720,491)		(2,248,405)		—		(2,248,405)
Sub-total		3,830,509		4,302,595		—		4,302,595
Corporate
Technology		439,473		—				—
Assets under development (1)(2)		22,700		—		191,075		191,075
		462,173		—		191,075		191,075
Less: accumulated amortization		(62,009)		—		—		—
Sub-total		400,164		—		191,075		191,075
	$	4,283,558	$	4,308,095	$	191,075	$	4,499,170

(1) The reclassification related to the initial development of our enterprise resource planning system, which was placed into service in the first quarter of Fiscal 2024.

(2) As of September 30, 2024, these intangible assets are under development and have not yet been placed into service and are not yet amortizable.

Schedule of estimated future amortization expense

The following table depicts the Company’s estimated future amortization expense related to intangible assets as of September 30, 2024:

	Consumer		Commercial		Corporate		Total
2024		3,606		157,362		22,204		183,172
2025		8,928		629,448		88,815		727,191
2026		8,928		629,448		88,815		727,191
2027		8,928		629,448		88,815		727,191
2028		8,050		629,448		88,815		726,313
Thereafter		6,894		1,155,355		—		1,162,249
	$	45,334	$	3,830,509	$	377,464	$	4,253,307