Schedule of Intangible Assets |
| |
September 30, 2023 | |
| |
Gross
Carrying
Amount | | |
Accumulated
Amortization | | |
Net Carrying Amount | |
Intellectual property | |
$ | 461,663 | | |
$ | (93,522 | ) | |
$ | 368,141 | |
Domain name | |
| 500,448 | | |
| (77,678 | ) | |
| 422,770 | |
Brand | |
| 1,284,000 | | |
| (248,269 | ) | |
| 1,035,731 | |
Technology | |
| 9,233,000 | | |
| (1,152,251 | ) | |
| 8,080,749 | |
Internal-use software | |
| 1,066,648 | | |
| (159,653 | ) | |
| 906,995 | |
| |
$ | 12,545,759 | | |
$ | (1,731,373 | ) | |
$ | 10,814,386 | |
| |
December 31, 2022 | |
| |
Gross
Carrying
Amount | | |
Accumulated
Amortization | | |
Net Carrying Amount | |
Intellectual property | |
$ | 123,143 | | |
$ | (71,019 | ) | |
$ | 52,124 | |
Domain name | |
| 500,448 | | |
| (52,656 | ) | |
| 447,792 | |
Brand | |
| 1,284,000 | | |
| (151,969 | ) | |
| 1,132,031 | |
Technology | |
| 1,475,000 | | |
| (349,151 | ) | |
| 1,125,849 | |
Internal-use software | |
| 494,769 | | |
| (41,260 | ) | |
| 453,509 | |
| |
$ | 3,877,360 | | |
$ | (666,055 | ) | |
$ | 3,211,305 | |
|
Schedule of Estimated Future Amortization Expense |
For intangible assets held as of September
30, 2023, estimated future amortization expense is as follows:
2023 | |
$ | 562,924 | |
2024 | |
| 2,266,765 | |
2025 | |
| 2,244,261 | |
2026 | |
| 2,190,110 | |
2027 | |
| 1,908,001 | |
Thereafter | |
| 1,642,325 | |
| |
$ | 10,814,386 | |
|