Intangibles

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles

6. Intangibles

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

	September 30, 2022
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	48,668	$	13,655	$	(9,075	)	$	53,248
Computer software	5 years	$	294,147		11,144		(263,192	)	$	42,099
Operating licenses	Indefinite	$	8,375,514		450,200		-		$	8,825,714
Internally developed software	4-5 years	$	6,013,513		1,907,616		(5,778,894	)	$	2,142,235
Material Contracts	Indefinite		-		62,550		-			62,550
Customer Relationship	9 years		-		9,794,000		(272,056	)	$	9,521,944
		$	14,731,842	$	12,239,165	$	(6,323,217	)	$	20,647,790

	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 $990,345 and $552,999 for the three months ended September 30, 2022 and 2021, respectively.

The Company recorded amortization expense of $2,269,423 and $1,432,983 for the nine months ended September 30, 2022 and 2021, respectively.

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

	Amortization Expense
2022, remaining	$	680,930
2023		2,078,406
2024		1,510,563
2025		1,460,965
2026		1,094,588
Thereafter		4,934,074
Total	$	11,759,526

Amortization expense
As of September 30, 2022	2,269,423
As of September 30, 2021	1,432,983
As of December 31, 2021	1,845,193