| Intangibles |
11. Intangibles Intangible assets are comprised of the following items: | | | | | | | | | | | | Licenses & Trademarks | | Developed Technology | | Total | Balance, December 31, 2023 | | $ | 8,718,577 | | $ | — | | $ | 8,718,577 | Amortization | | | (819,250) | | | — | | | (819,250) | Balance, December 31, 2024 | | $ | 7,899,327 | | $ | — | | $ | 7,899,327 | Acquisitions (Note 3) | | | 108,525,002 | | | 4,642,000 | | | 113,167,002 | Assets moved out of held for sale | | | 309,500 | | | | | | 309,500 | Capitalization of internally generated software costs | | | — | | | 1,942,616 | | | 1,942,616 | Amortization | | | (5,167,060) | | | (679,707) | | | (5,846,767) | Balance, December 31, 2025 | | $ | 111,566,769 | | $ | 5,904,909 | | $ | 117,471,678 |
The Company estimates that amortization expense will be $8,983,055 per year, for the next five years.
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