INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

10. INTANGIBLE ASSETS, NET

At December 31, 2022 and 2021, intangible assets consisted of:

	Useful Life	December 31, 2022			December 31, 2021
Trade name and trademark	Indefinite life	$	1,493,000		$	1,546,000
Trade names	5-10 years		4,316,000			-
Customer list	8-10 years		5,865,000			3,486,000
Developed technology	3-8 years		24,584,000			-
Domain name and other intangible assets	5 years		630,000			714,000
			36,888,000			5,746,000
Accumulated amortization			(2,102,000	)		(1,711,000	)
Intangible assets, net		$	34,786,000		$	4,035,000

The Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives. Amortization expense was $1.0 million and $0.4 million, respectively, for the years ended December 31, 2022 and 2021.

The customer relationships, developed technology and certain trade names are subject to amortization over their estimated useful lives, which range between 5 and 10 years with an average remaining useful life of 8.4 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.

2023	$	4,471,000
2024		4,471,000
2025		4,371,000
2026		4,271,000
2027		4,271,000
Thereafter		11,438,000
Estimated amortization expense	$	33,293,000