| Intangible Assets Disclosure [Text Block] |
7. Intangible Assets
Intangible assets, net was as follows:
| |
|
|
|
|
|
Gross |
|
|
|
|
|
|
Net |
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| |
|
Useful Lives |
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|
Carrying |
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|
Accumulated |
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|
Carrying |
|
| March 31, 2024 |
|
(Years) |
|
|
Amount |
|
|
Amortization |
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|
Amount |
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Sales Process |
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|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(2,092,852 |
) |
|
$ |
38,104 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(803,472 |
) |
|
|
- |
|
| Member Lists |
|
|
5 |
|
|
|
8,186,181 |
|
|
|
(8,127,848 |
) |
|
|
58,333 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
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| Trade Name/Trademarks |
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|
4 |
|
|
|
442,500 |
|
|
|
(442,083 |
) |
|
|
417 |
|
| Contracts and events acquired in acquisitions |
|
|
3 - 12 (months) |
|
|
|
1,377,083 |
|
|
|
(1,377,083 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
13,588,192 |
|
|
|
(13,491,338 |
) |
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|
96,854 |
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| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade name |
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|
|
|
|
|
|
|
|
|
|
|
|
|
101,400 |
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| Intangible assets, net |
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|
|
|
|
|
|
|
|
|
|
|
|
$ |
198,254 |
|
| |
|
|
|
|
|
Gross |
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|
|
|
|
|
Net |
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| |
|
Useful Lives |
|
|
Carrying |
|
|
Accumulated |
|
|
Carrying |
|
| December 31, 2023 |
|
(Years) |
|
|
Amount |
|
|
Amortization |
|
|
Amount |
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(2,073,800 |
) |
|
$ |
57,156 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(803,472 |
) |
|
|
- |
|
| Member Lists |
|
|
5 |
|
|
|
8,186,181 |
|
|
|
(8,119,514 |
) |
|
|
66,667 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade Name/Trademarks |
|
|
4 |
|
|
|
442,500 |
|
|
|
(441,875 |
) |
|
|
625 |
|
| Contracts acquired in RemoteMore acquisition |
|
|
3 - 12 (months) |
|
|
|
1,377,083 |
|
|
|
(1,377,083 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
13,588,192 |
|
|
|
(13,463,744 |
) |
|
|
124,448 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101,400 |
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| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
225,848 |
|
As of March 31, 2024, estimated amortization expense in future fiscal years is summarized as follows:
| Year ended December 31, |
|
|
|
|
| Remaining of 2024 |
|
$ |
63,521 |
|
| 2025 |
|
|
33,333 |
|
| 2026 |
|
|
- |
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| Net Carrying Amount |
|
$ |
96,854 |
|
For the three months ended March 31, 2024 and 2023, amortization expense related to intangible assets was approximately $27,594 and $119,693, and is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.
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