v3.25.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF CHANGES IN GOODWILL

The following table summarizes the goodwill balances as of June 30, 2025 and December 31, 2024:

 

Balance at June 30, 2025     
Goodwill  $71,525,609 
Accumulated impairment losses   (51,625,059)
Total goodwill  $19,900,550 
      
Balance at December 31, 2024     
Goodwill  $71,525,609 
Accumulated impairment losses   (51,625,059)
Total goodwill  $19,900,550 
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net are summarized as follows:

 

   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
   June 30, 2025 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying
Amount		 
Tradenames – trademarks  $3,835,981   $(3,298,186)  $537,795 
Customer base   572,048    (354,890)   217,158 
Non-compete agreements   487,400    (487,400)   - 
Intellectual property/technology   2,455,879    (1,874,958)   580,921 
Total intangible assets  $7,351,308   $(6,015,434)  $1,335,874 

 

   Gross Carrying Amount   Accumulated Amortization   Net Carrying
Amount		 
   December 31, 2024 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying
Amount		 
Tradenames – trademarks  $3,835,981   $(3,123,766)  $712,215 
Customer base   572,048    (319,587)   252,461 
Non-compete agreements   487,400    (484,120)   3,280 
Intellectual property/technology   2,455,879    (1,621,621)   834,258 
Total intangible assets  $7,351,308   $(5,549,094)  $1,802,214 
SCHEDULE OF FUTURE AMORTIZATION EXPENSE

Based on the balance of intangible assets at June 30, 2025, expected future amortization expense is as follows:

 

      
2025 (remainder of)  $454,799 
2026   709,464 
2027   73,211 
2028   49,200 
2029   49,200 
Total  $1,335,874