| Schedule of Intangible assets |
Intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2022 |
|
2021 |
Acquired data |
|
$ |
— |
|
$ |
1,300,336 |
Acquired software |
|
|
— |
|
|
183,072 |
Acquired customer lists |
|
|
— |
|
|
2,162,000 |
Restrictive covenant agreements |
|
|
— |
|
|
70,000 |
|
|
|
— |
|
|
3,715,408 |
Less: accumulated amortization |
|
|
— |
|
|
(768,798) |
Intangible assets, net |
|
$ |
— |
|
$ |
2,946,610 |
|
| Schedule of Amortization of intangible assets consists |
Amortization of intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired |
|
Restrictive |
|
|
|
|
|
|
|
|
Acquired |
|
Acquired |
|
Customer |
|
Covenant |
|
Accumulated |
|
|
|
|
|
Data |
|
Software |
|
Lists |
|
Agreements |
|
Amortization |
|
Total |
Balance as of January 1, 2021 |
|
$ |
1,300,336 |
|
$ |
100,000 |
|
$ |
— |
|
$ |
— |
|
$ |
(328,486) |
|
$ |
1,071,850 |
Additions |
|
|
— |
|
|
83,072 |
|
|
2,162,000 |
|
|
70,000 |
|
|
— |
|
|
2,315,072 |
Amortization expense |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(440,312) |
|
|
(440,312) |
Balance as of December 31, 2021 |
|
|
1,300,336 |
|
|
183,072 |
|
|
2,162,000 |
|
|
70,000 |
|
|
(768,798) |
|
|
2,946,610 |
Additions |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Amortization expense |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(319,636) |
|
|
(319,636) |
Impairment loss on intangible assets |
|
|
(1,300,336) |
|
|
(183,072) |
|
|
(2,162,000) |
|
|
(70,000) |
|
|
1,088,434 |
|
|
(2,626,974) |
Balance as of December 31, 2022 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Weighted average remaining amortization period at December 31, 2022 (in years) |
|
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquired |
|
Restrictive |
|
|
|
|
|
Acquired |
|
Acquired |
|
Customer |
|
Covenant |
|
Accumulated |
|
|
Data |
|
Software |
|
Lists |
|
Agreements |
|
Amortization |
Balance as of January 1, 2021 |
|
$ |
261,819 |
|
$ |
66,667 |
|
$ |
— |
|
$ |
— |
|
$ |
328,486 |
Amortization expense |
|
|
252,081 |
|
|
48,538 |
|
|
138,528 |
|
|
1,165 |
|
|
440,312 |
Balance as of December 31, 2021 |
|
|
513,900 |
|
|
115,205 |
|
|
138,528 |
|
|
1,165 |
|
|
768,798 |
Amortization expense |
|
|
126,040 |
|
|
10,929 |
|
|
171,000 |
|
|
11,667 |
|
|
319,636 |
Impairment loss on intangible assets |
|
|
(639,940) |
|
|
(126,134) |
|
|
(309,528) |
|
|
(12,832) |
|
|
(1,088,434) |
Balance as of December 31, 2022 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|