Goodwill and Finite Lived Intangible Asset (Tables)

3 Months Ended

6 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Goodwill and Finite Lived Intangible Asset

Finite lived intangible assets

As of March 31, 2023:	Useful Lives	Cost		Accumulated Amortization		Net
Technology, trademarks	3-10 yrs.	$	1,216,800	$	759,000	$	457,800
Trade names	3-6 yrs.		592,300		284,900		307,400
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		172,900		199,300
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		650,900		409,600
Patents	5-7 yrs.		595,800		336,900		258,900
		$	4,341,600	$	2,708,600	$	1,633,000

				Accumulated
As of December 31, 2022	Useful Lives	Cost		Amortization		Net
Technology, trademarks	3-10 yrs.	$	1,216,800	$	721,700	$	495,100
Trade names	3-6 yrs.		592,300		266,000		326,300
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		163,800		208,400
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		602,000		458,500
Patents	5-7 yrs.		595,800		321,100		274,700
		$	4,341,600	$	2,578,600	$	1,763,000

	Useful Lives	Cost		Accumulated Amortization		Net
As of December 31, 2022
Technology, trademarks	3-10 yrs.	$	1,216,800	$	721,700	$	495,100
Trade names	3-6 yrs.		592,300		266,000		326,300
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		163,800		208,400
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		602,000		458,500
Patents	5-7 yrs.		595,800		321,100		274,700
		$	4,341,600	$	2,578,600	$	1,763,000

	Useful Lives	Cost		Accumulated Amortization		Net
As of June 30, 2022
Technology, trademarks	3-10 yrs.	$	1,278,900	$	653,400	$	625,500
Trade names	3-6 yrs.		592,300		228,200		364,100
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		143,300		228,900
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		504,200		556,300
Patents	5-7 yrs.		594,300		289,300		305,000
		$	4,402,200	$	2,322,400	$	2,079,800

	Useful Lives	Cost		Accumulated Amortization		Net
As of June 30, 2021
Technology, trademarks	5-10 yrs.	$	364,700	$	362,200	$	2,500
Trade names	3-6 yrs.		592,300		152,600		439,700
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		102,400		269,800
Sublicense agreements	10 yrs.		294,000		283,000		11,000
Non-compete agreements	4-5 yrs.		1,060,500		308,600		751,900
IPR&D	3-5 yrs.		852,100		134,800		717,300
Patents and other intangible assets	5-7 yrs.		591,500		225,900		365,600
		$	4,337,300	$	1,779,500	$	2,557,800

Estimated future amortization expense of intangible assets

As of March 31, 2023	Amount
Remainder of fiscal year ending 2023	$	386,600
2024		506,100
2025		371,500
2026		193,800
2027		92,600
Thereafter		82,400
Total	$	1,633,000

As of December 31,
2023	$	516,600
2024		506,100
2025		371,500
2026		193,800
2027		92,600
Thereafter		82,400
Total	$	1,763,000