Intangibles

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

6. Intangibles

Intangible assets consist of the following as of March 31, 2022 and December 31, 2021: 

	March 31, 2022
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	48,668	$	4,050	$	(7,205	)	$	45,513
Computer software	5 years	$	294,147		-		(233,902	)		60,245
Operating licenses	Indefinite	$	8,375,514		-		-			8,375,514
Internally developed software	4-5 years	$	6,013,513		530,574		(4,446,049	)		2,098,038
		$	14,731,842	$	534,624	$	(4,687,156	)	$	10,579,310

	December 31, 2021
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	19,275	$	29,393	$	(6,367	)	$	42,301
Computer software	5 years		132,816		161,331		(219,388	)		74,759
Operating licenses	Indefinite		8,375,514		-		-			8,375,514
Internally developed software	4-5 years		2,146,501		3,867,012		(3,828,038	)		2,185,475
		$	10,674,106	$	4,057,736	$	(4,053,793	)	$	10,678,049

The Company recorded amortization expense of $633,363 and $422,024 for the three months ended March 31, 2022 and 2021, respectively.

Future amortization expense at March 31, 2022 for the next five years and in the aggregate are as follow:

	Amortization Expense
2022, remaining	$	1,024,937
2023		757,584
2024		235,800
2025		153,145
2026		3,515
Thereafter		28,815
Total	$	2,203,796