Intangibles

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

6. Intangibles

As disclosed in note 4 above, in terms of an APA agreement entered into on October 22, 2024, on January 9, 2025, the Company consummated the acquisition of the Acquired Assets of ERC, which included a preliminary valuation of customer relationships of $2,944,000 and non-compete agreements of $52,000.

Intangible assets consist of the following:

	Useful lives	March 31, 2025							December 31, 2024
		Cost		Accumulated amortization			Net book value		Net book value
Customer relationships	15 years	$	2,944,000	$	(45,079	)	$	2,898,921	$	—
Non-compete agreement	5 years		52,000		(2,389	)		49,611		—
Health care Provider license	5 years		1,789,903		(1,342,427	)		447,476		536,971
		$	4,785,903	$	(1,389,895	)	$	3,396,008	$	536,971

The Company evaluates intangible assets for impairment on an annual basis during the last month of each year and at an interim date if indications of impairment exist. Intangible asset impairment is determined by comparing the fair value of the asset to its carrying amount with an impairment being recognized only when the fair value is less than carrying value and the impairment is deemed to be permanent in nature.

The Company recorded $136,963 and $89,495 in amortization expense for finite-lived assets for each of the three months ended March 31, 2025 and 2024, respectively.