SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL |
The
changes in the carrying amount of the Company’s goodwill were as follows:
SCHEDULE
OF CHANGES IN CARRYING AMOUNT OF GOODWILL
| |
Total | |
Balance as of December 31, 2022 | |
$ | 3,601,781 | |
Acquisitions | |
| - | |
Balance as of December 31, 2023 | |
| 3,601,781 | |
Balance | |
| 3,601,781 | |
Acquisitions | |
| - | |
Balance as of September 30, 2024 | |
$ | 3,601,781 | |
Balance | |
$ | 3,601,781 | |
|
SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS |
The
carrying values of the Company’s intangible assets were as follows for the periods presented:
SCHEDULE
OF CARRYING VALUE OF INTANGIBLE ASSETS
| |
September 30, 2024 | | |
December 31, 2023 | |
| |
| | |
Accumulated | | |
| | |
| | |
Accumulated | | |
| |
| |
Cost | | |
Amortization | | |
Net | | |
Cost | | |
Amortization | | |
Net | |
Amortizable Intangible Assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Patents and Other IP | |
$ | 38,592,549 | | |
$ | (4,934,785 | ) | |
$ | 33,657,764 | | |
$ | 38,570,549 | | |
$ | (3,181,186 | ) | |
$ | 35,389,363 | |
Customer relationships and other | |
| 7,947,332 | | |
| (2,737,675 | ) | |
| 5,209,657 | | |
| 7,947,332 | | |
| (1,861,887 | ) | |
| 6,085,445 | |
Product Licenses | |
| 4,793,879 | | |
| (1,632,158 | ) | |
| 3,161,721 | | |
| 4,793,879 | | |
| (1,342,626 | ) | |
| 3,451,253 | |
Total | |
$ | 51,333,760 | | |
$ | (9,304,618 | ) | |
$ | 42,029,142 | | |
$ | 51,311,760 | | |
$ | (6,385,699 | ) | |
$ | 44,926,061 | |
|
SCHEDULE OF FUTURE AMORTIZATION EXPENSE |
SCHEDULE
OF FUTURE AMORTIZATION EXPENSE
| |
| | |
Remainder of 2024 | |
$ | 972,818 | |
2025 | |
| 3,891,270 | |
2026 | |
| 3,874,015 | |
2027 | |
| 3,760,162 | |
2028 | |
| 3,726,921 | |
2029 | |
| 3,726,921 | |
Thereafter | |
| 22,077,035 | |
Total | |
$ | 42,029,142 | |
|