Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Intangible Assets and Goodwill [Abstract]

Schedule of Intangible Assets

Intangible assets as of December 31, 2023 and 2022 consisted of the following:

	December 31, 2023			December 31, 2022
Customer-related	$	5,484,500		$	9,024,000
Marketing-related		1,338,000			2,684,000
Technology-related		-			623,000
Total intangible assets		6,822,500			12,331,000
Less: accumulated amortization		(1,848,152	)		(2,345,871	)
Total intangible assets, net	$	4,974,348		$	9,985,129

Schedule of Amortization Expense for Intangible Assets

Estimated amortization expense for intangible assets for the next five years consists of the following as of December 31, 2023:

Year Ending December 31,	Amount
2024	$	762,433
2025		693,256
2026		653,006
2027		532,256
2028		488,439
Thereafter		1,844,958
Total estimated amortization expense	$	4,974,348

Schedule of Carrying Amount of Goodwill

Below is a table summarizing the changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022:

	Amount
Balance as of December 31, 2021	$	19,452,270
Impairments		-
Balance as of December 31, 2022	$	19,452,270
Goodwill from the acquisition of ICU Eyewear		757,283
Impairments		(10,401,218	)
Balance as of December 31, 2023	$	9,808,335