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Intangibles

3 Months Ended

Mar. 31, 2023

7. Intangibles

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

	March 31, 2023
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions		Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	62,823	$	17,390	$	(11,454	)	$	68,759
Computer software	5 years		247,828		-		(229,313	)		18,515
Operating licenses	Indefinite		8,799,004		600,000		-			9,399,004
Internally developed software	4-5 years		8,284,058		740,298		(7,376,506	)		1,647,850
Material contracts	Indefinite		62,550		-		-			62,550
Customer relationship	8-9 years		12,397,954		15,872,732		(947,737	)		27,322,949
Trademark	8 years		326,646		6,669		(13,888	)		319,427
Non-compete agreements	5 years		-		100,000		-			100,000
		$	30,180,863	$	17,337,089	$	(8,578,898	)	$	38,939,054

	December 31, 2022
	Estimated Useful Life (Years)	Gross Carrying Amount		Additions			Accumulated Amortization			Net Carrying Amount
Patents	15 years	$	48,668	$	14,155		$	(10,116	)	$	52,707
Computer software	5 years		294,147		(46,319	)		(224,886	)		22,942
Operating licenses	Indefinite		8,375,514		423,490			-			8,799,004
Internally developed software	4-5 years		6,013,513		2,270,545			(6,378,911	)		1,905,147
Material contracts	Indefinite		-		62,550			-			62,550
Customer relationship	8-9 years		-		12,397,954			(594,301	)		11,803,653
Trademark	8 years		-		326,646			(3,403	)		323,243
		$	14,731,842	$	15,449,021		$	(7,211,617	)	$	22,969,246

The Company recorded amortization expenses of $1,365,636 and $633,363 for the three months ended March 31, 2023 and 2022, respectively.

The estimated future amortization expense of definite life intangible assets as of March 31, 2023 was as follows: