Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Intangible Assets  
Schedule of intangible assets and related accumulated amortization

    

Trademarks and

Non-compete

    

Customer lists

    

tradenames

    

agreements

    

Total

Fair value at acquisition date

$

13,028,320

$

3,501,200

$

1,504,330

$

18,033,850

Accumulated amortization

 

(3,908,496)

 

(1,050,360)

 

(902,598)

 

(5,861,454)

Intangible assets, net

$

9,119,824

$

2,450,840

$

601,732

$

12,172,396

Estimated life (years)

 

10.0

 

10.0

 

5.0

 

  

Weighted-average remaining life (years)

 

7.0

7.0

 

2.0

 

  

Schedule of future amortization expense

    

Total

2023

    

$

488,456

2024

 

1,953,818

2025

 

1,878,602

2026

 

1,652,952

2027

 

1,652,952

Thereafter

 

4,545,616

Total future amortization expense

$

12,172,396