| Schedule of Other Intangible Assets, Net |
Other intangible assets, net. Other intangible assets, net consisted of the following at December 31, 2023 and 2022:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Patents |
|
$ |
13,507,799 |
|
|
$ |
13,507,997 |
|
Customer relationships |
|
|
14,040,856 |
|
|
|
14,040,856 |
|
Trademarks |
|
|
2,880,967 |
|
|
|
2,880,967 |
|
Intellectual property |
|
|
2,000,000 |
|
|
|
2,000,000 |
|
Non-compete agreements |
|
|
660,000 |
|
|
|
660,000 |
|
Software |
|
|
1,432,396 |
|
|
|
968,362 |
|
Other intangible assets, gross |
|
|
34,522,018 |
|
|
|
34,058,182 |
|
Less: accumulated amortization |
|
|
(21,766,284 |
) |
|
|
(20,152,071 |
) |
Other intangible assets, net |
|
$ |
12,755,735 |
|
|
$ |
13,906,111 |
|
|
| Schedule of Estimated Future Amortization Expense |
Estimated future amortization expense is as follows:
|
|
|
|
|
Years Ended December 31, |
|
Total |
|
2024 |
|
$ |
1,993,034 |
|
2025 |
|
|
2,026,040 |
|
2026 |
|
|
1,880,013 |
|
2027 |
|
|
1,638,396 |
|
2028 |
|
|
1,594,863 |
|
Thereafter |
|
|
3,623,388 |
|
Total |
|
$ |
12,755,735 |
|
|