| Schedule of Other Intangible Assets, Net |
Other intangible assets, net consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
Patents |
|
$ |
13,507,338 |
|
|
$ |
13,507,799 |
|
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 |
|
|
2,137,847 |
|
|
|
1,432,397 |
|
Other intangible assets, gross |
|
|
35,227,008 |
|
|
|
34,522,019 |
|
Less: accumulated amortization |
|
|
(23,783,255 |
) |
|
|
(21,766,284 |
) |
Other intangible assets, net |
|
$ |
11,443,753 |
|
|
$ |
12,755,735 |
|
|
| Schedule of Estimated Future Amortization Expense |
Estimated future amortization expense is as follows:
|
|
|
|
|
Years Ended December 31, |
|
Total |
|
2025 |
|
$ |
2,209,949 |
|
2026 |
|
|
2,063,922 |
|
2027 |
|
|
1,797,408 |
|
2028 |
|
|
1,594,863 |
|
2029 |
|
|
1,179,543 |
|
Thereafter |
|
|
2,598,068 |
|
Total |
|
$ |
11,443,753 |
|
|