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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Components of intangible assets (subject to amortization) consist of the following items:
December 31, 2021December 31, 2020
Useful Life
(in years)
Gross
Carrying
Amount
 
Accumulated Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
 
Accumulated Amortization
Net
Carrying
Amount
Internally-developed software
3-5
$538,322 $179,440 $358,882 $538,322 $71,776 $466,546 
Intangible assets are amortized on a straight-line basis. We continually evaluate the amortization period and carrying basis of intangible assets to determine whether subsequent events and circumstances warrant a revised estimated useful life or reduction in value.
Total amortization expense of intangibles was $107,664, $71,776 and $0 for the years ended December 31, 2021, 2020 and 2019, respectively.
Estimated future amortization expense is as follows:
2022$107,664 
2023107,664 
2024107,664 
202535,890 
2026— 
Thereafter— 
 $358,882