INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

4.     INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	December 31, 2023			December 31, 2022
Patents and trademarks	$	38,186		$	38,186
Platform		20,391,118			13,656,014
Customer lists and contracts		1,177,200			1,177,200
Licenses		216,901			209,282
Hosting implementation		43,400			–
Contract assets		150,000			185,000
		22,016,805			15,265,682
Less: accumulated amortization		(13,202,478	)		(9,608,960	)
Intangible assets, net	$	8,814,327		$	5,656,722

Amortization expense for the years ended December 31, 2023 and 2022 was $3,598,379 and $2,416,737, respectively.

Estimated future amortization expense is as follows:

2024	$	4,232,837
2025		3,103,285
2026		1,380,534
2027		38,986
2028		8,986
Thereafter		49,699
Total amortization expense	$	8,814,327