Intangibles

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

6. Intangibles

Intangible assets consist of the following as of June 30, 2022 and December 31, 2021: 

	June 30, 2022
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	48,668	$	6,795	$	(8,072	)	$	47,391
Computer software	5 years	$	294,147		-		(248,416	)		45,731
Operating licenses	Indefinite	$	8,375,514		-		-			8,375,514
Internally developed software	4-5 years	$	6,013,513		1,009,635		(5,076,383	)		1,946,765
		$	14,731,842	$	1,016,430	$	(5,332,871	)	$	10,415,401

	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 $645,715 and $457,960 for the three months ended June 30, 2022 and 2021, respectively.

The Company recorded amortization expense of $1,279,078 and $879,984 for the six months ended June 30, 2022 and 2021, respectively.

Future amortization expense at June 30, 2022 for the next five years and in the aggregate are as follow:

	Amortization Expense
2022, remaining	$	729,885
2023		822,295
2024		272,757
2025		180,535
2026		3,698
Thereafter		30,717
Total	$	2,039,887