INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

GOODWILL

INTANGIBLE ASSETS

NOTE 7 — INTANGIBLE ASSETS

Intangible assets consist of the following:

	March 31,			December 31,
	2023			2022
Consumer
Domain names	$	41,352		$	41,352
Point of sale system		330,000			330,000
		371,352			371,352
Less: accumulated amortization		(352,002	)		(335,502	)
Subtotal		19,350			35,850
Commercial
Trademarks (1)		1,483,000			1,483,000
Customer Contracts (1)		1,873,000			1,873,000
Trademarks/Tradenames (2)		114,000			114,000
Customer Relationships (2)		345,000			345,000
Trademarks/Tradenames (3)		1,272,000			1,272,000
Customer Relationships (3)		1,464,000			1,464,000
		6,551,000			6,551,000
Less: accumulated amortization		(1,757,080	)		(1,593,305	)
Subtotal		4,793,920			4,957,695
	$	4,813,270		$	4,993,545

(1) Intangibles relate to the Echo Transaction on May 20, 2019.

(2) Intangibles relate to the CExchange Transaction on June 9, 2021.

(3) Intangibles relate to the Avail Transaction on October 29, 2021.

The following table outlines the estimated future amortization expense related to intangible assets held as of March 31, 2023:

	Consumer		Commercial		Total
2023 (excluding the three months ending March 31, 2023)		13,850		491,325		505,175
2024		5,500		655,100		660,600
2025		-		655,100		655,100
2026		-		655,100		655,100
2027		-		655,100		655,100
Thereafter		-		1,682,195		1,682,195
	$	19,350	$	4,793,920	$	4,813,270