Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

4. Intangible Assets and Goodwill

The Company’s intangible assets and goodwill consisted of:

	December 31,
	2023		2022
Tradename	$	10,007,698	$	10,007,698
Customer List		18,824,198		18,502,207
Non-Compete		1,247,536		1,247,536
Slice License Agreement		379,921		379,921
Patents		2,271,980		2,271,980
Subtotal		32,731,333		32,409,342
Less: Accumulated Amortization		13,729,885		11,618,807
Intangible Assets	$	19,001,448	$	20,790,535
Goodwill	$	8,188,829	$	8,188,829
Total:	$	27,190,277	$	28,979,364

Amortization expense for intangible assets for the years ended December 31, 2023 and 2022 were $2,111,078 and $1,815,508, respectively. The estimated aggregate amortization expense for each of the next five years, calculated on a similar basis, is as follows: 2024 - $2,270,276; 2025 - $1,981,863; 2026 - $1,689,565; 2027 - $1,361,196; and 2028 - $1,244,529.