INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

3.     INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	June 30, 2022		December 31, 2021
Patents and trademarks	$	38,186	$	38,186
Platform		11,391,538		9,853,823
Customer lists and contracts		1,177,200		1,177,200
Licenses		209,282		209,282
		12,816,206		11,278,491
Less: accumulated amortization		8,314,352		7,191,529
Intangible assets, net	$	4,501,854	$	4,086,962

Intangible assets are amortized over their useful lives ranging from periods of 3 to 15 years. Amortization expense for the three months ended June 30, 2022 and 2021 was $578,927 and $481,008, respectively. Amortization expense for the six months ended June 30, 2022 and 2021 was $1,122,129 and $944,905, respectively.