XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible assets consisted of the following as of December 31, 2022 and December 31, 2021:

December 31, 2022
Gross carrying valueAccumulated AmortizationNet carrying value
Customer relationships
4.5 - 15 years
$9,535,000 $(3,916,501)$5,618,499 
Trade name4.5 years266,000 (245,336)20,664 
Trademark15 years533,864 (88,119)445,745 
Backlog2 years1,436,000 (1,077,616)358,384 
Non-compete agreement
3 - 4 years
684,000 (493,125)190,875 
$12,454,864 $(5,820,697)$6,634,167 
December 31, 2021
Gross carrying valueAccumulated AmortizationNet carrying value
Customer relationships
4.5 - 9 years
$9,025,000 $(2,497,998)$6,527,002 
Trade name4.5 years266,000 (143,123)122,877 
Trademark15 years533,863 (24,387)509,476 
Backlog2 years947,000 (858,089)88,911 
Non-compete agreement
3 - 4 years
674,000 (326,667)347,333 
$11,445,863 $(3,850,264)$7,595,599 
Schedule of Future Amortization of Intangible Assets
Future amortization of the intangible assets for the next five years as of December 31 are as follows:
2023$1,950,067 
20241,501,040 
2025879,353 
2026669,217 
2027479,528 
Thereafter1,154,962 
Total$6,634,167 
Schedule of Goodwill
The following table presents changes to goodwill for the years ended December 31, 2022 and 2021 for each reporting unit:

CorvusSSIMFSIMerrisonTotal
December 31, 20204,136,011 — — — 4,136,011 
Goodwill acquired through acquisitions— 8,461,150 685,073 780,730 9,926,953 
December 31, 20214,136,011 8,461,150 685,073 780,730 14,062,964 
Goodwill acquired through acquisitions1,471,000 — — — 1,471,000 
Merrison subsumed into Corvus780,730 — — (780,730)— 
December 31, 2022$6,387,741 $8,461,150 $685,073 $— $15,533,964