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GOODWILL AND INTANGIBLES, NET (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL

The changes in the carrying amount of the Company’s goodwill were as follows:

 

   Total 
Balance as of December 31, 2022  $3,601,781 
Acquisitions   - 
Balance as of December 31, 2023   3,601,781 
Acquisitions   - 
Balance as of September 30, 2024  $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:

 

   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

 

      
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