Goodwill and Finite Lived Intangible Asset (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Finite Lived Intangible Asset

Schedule of intangible assets

As of June 30, 2024:	Useful Lives	Cost		Accumulated Amortization		Net
Technology, trademarks	3-10 yrs.	$	1,216,800	$	945,500	$	271,300
Trade names	3-6 yrs.		592,300		379,400		212,900
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		207,400		164,800
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		895,400		165,100
Patents	5-7 yrs.		605,600		413,700		191,900
		$	4,351,400	$	3,345,400	$	1,006,000

As of December 31, 2023	Useful Lives	Cost		Accumulated Amortization		Net
Technology, trademarks	3-10 yrs.	$	1,216,800	$	870,900	$	345,900
Trade names	3-6 yrs.		592,300		341,600		250,700
Websites	3-7 yrs.		210,000		210,000		-
Customer relationships	4-10 yrs.		372,200		193,600		178,600
Sublicense agreements	10 yrs.		294,000		294,000		-
Non-compete agreements	4-5 yrs.		1,060,500		797,600		262,900
Patents	5-7 yrs.		595,800		384,000		211,800
		$	4,341,600	$	3,091,700	$	1,249,900

Estimated future amortization expense of intangible assets

As of June 30, 2024	Amount
Remainder of fiscal year ending 2024	$	257,100
2025		373,500
2026		195,900
2027		94,500
2028		43,700
Thereafter		41,300
Total	$	1,006,000