v3.25.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets  
Schedule of Carrying Amount of Goodwill

 

 

Technology Services

 

 

Rental Business

 

 

Total

 

Balance at January 1, 2025

 

$4,211,166

 

 

$

 

 

$4,211,166

 

Goodwill acquired, GTG Financial

 

 

2,799,523

 

 

 

 

 

 

2,799,523

 

Goodwill measurement period adjustment (1)

 

 

(838,771)

 

 

 

 

 

(838,771)

Balance at June 30,2025

 

$6,171,918

 

 

$

 

 

$6,171,918

 

 

 

December 31, 2024

 

 

 

Technology 

Services

 

 

Rental 

Business

 

 

Total

 

Balance at January 1, 2024

 

$

 

 

$17,337,739

 

 

$17,337,739

 

Goodwill acquired, net of purchase price adjustments

 

 

4,072,728

 

 

 

 

 

 

4,072,728

 

Goodwill impairment

 

 

 

 

 

(17,337,739)

 

 

(17,337,739)

Goodwill measurement period adjustment

 

 

138,438

 

 

 

 

 

 

138,438

 

Balance at December 31, 2024

 

$4,211,166

 

 

$

 

 

$4,211,166

 

Schedule of Intangible Assets are Finite-Lived

 

 

June 30, 2025

 

 

 

Opening balance

 

 

Additions

 

 

Impaired

 

 

Amortization

 

 

Net carrying value

 

Definite-life Intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$1,540,510

 

 

$131,283

 

 

$

 

 

$(176,236)

 

$1,495,557

 

Trademarks and trade names

 

 

1,669,283

 

 

 

 

 

 

 

 

$(63,762)

 

 

1,605,521

 

Customer relationships

 

 

75,613

 

 

 

 

 

 

 

 

$(4,608)

 

 

71,005

 

Total

 

$3,285,406

 

 

$131,283

 

 

$

 

 

$(244,606)

 

$3,172,083

 

Schedule of Estimated Future Amortization Expense

Years Ending December 31:

 

Amount

 

2025 (remaining period)

 

 

251,727

 

2026

 

 

503,453

 

2027

 

 

503,453

 

2028

 

 

503,453

 

2029

 

 

347,678

 

Thereafter

 

 

1,062,319

 

Total

 

$3,172,083