Schedule of amortization expense |
| |
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 | |
|