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Long-Lived Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Definite Lived Intangible Assets

Definite lived intangible assets related to acquisition are as follows, as of June 30, 2022:

 

 

 

Expected

Life

 

Remaining

Months

 

Gross

Intangible

Assets

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

Customer lists and relationships

 

36 to 60 months

 

0 to 14 months

 

$

2,084,515

 

 

$

(2,010,746

)

 

$

73,769

 

Drawings and technology

 

36 months

 

0 months

 

 

760,207

 

 

 

(760,207

)

 

 

-

 

Trade name, trademarks & other

 

24 to 36 months

 

0 months

 

 

447,274

 

 

 

(447,274

)

 

 

-

 

Non-compete

 

36 months

 

0 months

 

 

246,797

 

 

 

(246,797

)

 

 

-

 

 

 

 

 

 

 

$

3,538,793

 

 

$

(3,465,024

)

 

$

73,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite lived intangibles assets related to acquisitions are as follows, as of December 31, 2021:

 

 

 

Expected

Life

 

Remaining

Months

 

Gross

Intangible

Assets

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

Customer lists and relationships

 

36 to 60 months

 

0 to 20 months

 

$

2,084,515

 

 

$

(1,979,130

)

 

$

105,385

 

Drawings and technology

 

36 months

 

0 months

 

 

760,207

 

 

 

(760,207

)

 

 

-

 

Trade name, trademarks & other

 

24 to 36 months

 

0 months

 

 

447,274

 

 

 

(447,274

)

 

 

-

 

Non-compete

 

36 months

 

0 months

 

 

246,797

 

 

 

(246,797

)

 

 

-

 

 

 

 

 

 

 

$

3,538,793

 

 

$

(3,433,408

)

 

$

105,385

 

 

Schedule of Amortization Expense of Definite Lived Intangible Assets

As of June 30, 2022, amortization expense of the definite lived intangible assets for the years remaining is as follows:

 

2022

 

 

2023

 

 

Total

 

$

31,615

 

 

$

42,154

 

 

$

73,769