| Intangible Assets Disclosure [Text Block] |
7. Intangible Assets
Intangible assets, net was as follows:
| |
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|
|
|
Gross |
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|
|
|
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|
Net |
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| |
|
Useful Lives |
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|
Carrying |
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Accumulated |
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|
Carrying |
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| September 30, 2024 |
|
(Years) |
|
|
Amount |
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|
Amortization |
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|
Amount |
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| Long-lived intangible assets: |
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|
|
|
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|
|
|
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|
|
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|
|
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| Sales Process |
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|
10 |
|
|
$ |
2,130,956 |
|
|
$ |
(2,130,956 |
) |
|
$ |
- |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
803,472 |
|
|
|
(803,472 |
) |
|
|
- |
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| Member Lists |
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|
5 |
|
|
|
8,186,181 |
|
|
|
(8,144,514 |
) |
|
|
41,667 |
|
| Developed Technology |
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|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
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| Trade Name/Trademarks |
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|
4 |
|
|
|
442,500 |
|
|
|
(442,500 |
) |
|
|
- |
|
| Contracts acquired in RemoteMore acquisition |
|
|
3 - 12 (months) |
|
|
|
1,377,083 |
|
|
|
(1,377,083 |
) |
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|
- |
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| |
|
|
|
|
|
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13,588,192 |
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|
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(13,546,525 |
) |
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|
41,667 |
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| Indefinite-lived intangible assets: |
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|
|
|
|
|
|
|
|
|
|
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|
|
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| Trade name |
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|
|
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|
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|
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101,400 |
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| Intangible assets, net |
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|
|
|
|
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|
|
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|
|
|
$ |
143,067 |
|
| |
|
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|
|
|
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 |
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|
5 |
|
|
|
8,186,181 |
|
|
|
(8,119,514 |
) |
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|
66,667 |
|
| Developed Technology |
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|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
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| Trade Name/Trademarks |
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|
4 |
|
|
|
442,500 |
|
|
|
(441,875 |
) |
|
|
625 |
|
| Contracts acquired in RemoteMore acquisition |
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|
3 - 12 (months) |
|
|
|
1,377,083 |
|
|
|
(1,377,083 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
13,588,192 |
|
|
|
(13,463,744 |
) |
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|
124,448 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade name |
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|
|
|
|
|
|
|
|
|
|
|
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101,400 |
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| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
225,848 |
|
As of September 30, 2024, estimated amortization expense in future fiscal years is summarized as follows:
| Year ended December 31, |
|
|
|
|
| Remaining of 2024 |
|
$ |
8,333 |
|
| 2025 |
|
|
33,334 |
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| Net Carrying Amount |
|
$ |
41,667 |
|
For the three months ended September 30, 2024 and 2023, amortization expense related to intangible assets was approximately $27,593 and $128,393, and is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.
For the nine months ended September 30, 2024 and 2023, amortization expense related to intangible assets was approximately $82,781 and $379,480, and is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.
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