Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

7. Intangible Assets

Intangible assets, net is as follows:

Schedule of Intangible Assets

	Useful Lives		Gross Carrying		Accumulated			Net Carrying
December 31, 2021	(Years)		Amount		Amortization			Amount
Long-lived intangible assets:
Sales Process		10	$	2,130,956	$	(1,921,386	)	$	209,570
Paid Member Relationships		5		803,472		(803,472	)		-
Member Lists		5		8,086,181		(8,086,181	)		-
Developed Technology		3		648,000		(648,000	)		-
Trade Name/Trademarks		4		442,500		(440,208	)		2,292
Contracts acquired in RemoteMore acquisition		3-12 months		935,683		(269,664	)		666.019
				13,046,792		(12,168,911	)		877,881
Indefinite-lived intangible assets:
Trade name									90,400
Intangible assets, net								$	968,281

	Useful Lives		Gross Carrying		Accumulated			Net Carrying
December 31, 2020	(Years)		Amount		Amortization			Amount
Long-lived intangible assets:
Sales Process		10	$	2,130,956	$	(1,845,178	)	$	285,778
Paid Member Relationships		5		803,472		(803,472	)		-
Member Lists		5		8,086,181		(8,086,181	)		-
Developed Technology		3		648,000		(648,000	)		-
Trade Name/Trademarks		4		440,000		(440,000	)		-
				12,108,609		(11,822,831	)		285,778
Indefinite-lived intangible assets:
Trade name									90,400
Intangible assets, net								$	376,178

Future annual estimated amortization expense is summarized as follows:

Year ended December 31,
2022	$	742,851
2023		76,832
2024		57,781
2025 and thereafter		417
Net Carrying Amount	$	877,881

Amortization expense related to intangible assets of $346,080 and $76,207 for the years ended December 31, 2021 and 2020, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.