v3.25.2
Goodwill and Intangible Assets, Net
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

Note 6. Goodwill and Intangible Assets, Net

 

The following table sets for the changes in the carrying amount of the Company’s Goodwill for the six months ended June 30, 2025. 

 

   2025 
Balance, January 1  $249,986 
Addition:   - 
Balance, June 30  $249,986 

 

The Company performed an evaluation of the value of goodwill at December 31, 2023. Based upon this evaluation it was determined that there should be no adjustment to goodwill. There has been nothing noted during the six months ended June 30, 2024 that would indicate that the value of goodwill should change through that date.

 

The following table sets for the components of the Company’s intangible assets at June 30, 2024:

 

   Amortization
Period (Years)		   Cost   Accumulated Amortization   Net Book Value 
                 
Intangible Assets Subject to amortization                    
Trademarks   15   $121,000   $(28,802)  $92,198 
Customer Relationships   10    600,000    (220,000)   380,000 
Non-Compete Agreements   5    22,000    (16,866)   5,134 
Total       $743,000   $(265,668)  $477,332 

 

The aggregate amortization remaining on the intangible assets as of June 30, 2025 is a follows:

 

    Intangible
Assets Amortization		 
2025 ( 6 months remaining)    48,309 
2026    71,366 
2027    68,067 
2028    68,067 
Thereafter    221,523 
Total   $477,332 

 

Amortization expense for amortizable intangible assets for each of the six months ended June 30, 2024 and 2023 was $36,233.