INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

3.     INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	June 30, 2023		December 31, 2022
Patents and trademarks	$	38,186	$	38,186
Platform		16,571,814		13,656,014
Customer lists and contracts		1,177,200		1,177,200
Licenses		209,282		209,282
Hosting implementation		43,400		–
Contract assets		150,000		185,000
		18,189,882		15,265,682
Less: accumulated amortization		11,191,155		9,608,960
Intangible assets, net	$	6,998,727	$	5,656,722

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, 2023 and 2022 was $850,386 and $578,927, respectively. Amortization expense for the six months ended June 30, 2023 and 2022 was $1,587,056 and $1,122,129, respectively.