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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following at March 31, 2022 and December 31, 2021:

 

   March 31, 2022   December 31, 2021 
   Gross
value
   Accumulated
amortization
   Net
carrying
value
   Gross
value
   Accumulated
amortization
   Net
carrying
value
 
Amortized intangible assets:                              
Licenses (video solutions segment)  $194,286   $69,722   $124,564   $194,286   $65,578   $128,708 
Patents and trademarks (video solutions segment)   493,945    268,101    225,844    493,945    233,471    260,474 
Sponsorship agreement network (ticketing segment)   5,600,000    653,333    4,946,667    5,600,000    373,333    5,226,667 
SEO content (ticketing segment)   600,000    87,500    512,500    600,000    50,000    550,000 
Personal seat licenses (ticketing
segment)
   201,931    3,926    198,005    201,931    2,244    199,687 
Client agreement (revenue cycle management segments)   

335,000

    

    

335,000

    

    

    

 
                               
    7,425,162    1,082,582    6,342,580    7,090,162    724,626    6,365,536 
                               
Indefinite life intangible assets:                              
Goodwill (ticketing and revenue cycle management segments)   12,031,547        12,031,547    9,931,547        9,931,547 
Trade name (ticketing segment)   600,000        600,000    600,000        600,000 
Patents and trademarks pending
(video solutions segment)
   42,556        42,556    5,430        5,430 
                               
Total  $20,099,265   $1,082,582   $19,016,683   $17,627,139   $724,626   $16,902,513 
SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS

 

Year ending December 31:    
2022 (April 1, to December 31, 2022)  $1,136,309 
2023   1,435,974 
2024   1,385,857 
2025   1,299,751 
2026 and thereafter   1,084,689 
Total  $6,342,580