GOODWILL AND INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of changes in carrying value of goodwill |
| Schedule of changes in carrying value of goodwill | |
| |
| Balance as of December 31, 2023 | |
$ | 25,220,085 | |
| Acquisitions(1) | |
| 2,892,065 | |
| Measurement period adjustment(3) | |
| 67,351 | |
| Goodwill impairment(2) | |
| (6,671,557 | ) |
| Balance as of December 31, 2024 | |
$ | 21,507,944 | |
| Adjustments to goodwill | |
| — | |
| Balance as of December 31, 2025 | |
$ | 21,507,944 | |
| |
(1) |
Acquisition of Elle in July 2024. |
| |
(2) |
The Company recorded impairments of goodwill during 2024. See below for further information. |
| |
(3) |
The Company recorded measurement period adjustments related to Special Projects and Elle in 2024. Refer to Note 4. |
|
| Schedule of intangible assets |
| Schedule of intangible assets | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| Gross Carrying
Amount | | |
| Accumulated
Amortization | | |
| Net Carrying
Amount | | |
| Gross Carrying
Amount | | |
| Accumulated
Amortization | | |
| Net Carrying
Amount | |
| Intangible assets subject to amortization: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Customer relationships | |
$ | 17,592,387 | | |
$ | 10,997,027 | | |
$ | 6,595,360 | | |
$ | 17,592,387 | | |
$ | 9,236,609 | | |
$ | 8,355,778 | |
| Trademarks and trade names | |
| 5,128,583 | | |
| 3,825,336 | | |
| 1,303,247 | | |
| 5,128,583 | | |
| 3,295,335 | | |
| 1,833,248 | |
| Non-compete agreements | |
| 690,000 | | |
| 690,000 | | |
| — | | |
| 690,000 | | |
| 690,000 | | |
| — | |
| | |
$ | 23,410,970 | | |
$ | 15,512,363 | | |
$ | 7,898,607 | | |
$ | 23,410,970 | | |
$ | 13,221,944 | | |
$ | 10,189,026 | |
|
| Schedule of changes in goodwill and intangible assets |
| Schedule of changes in goodwill and intangible assets | |
| |
| Balance as of December 31, 2023 | |
$ | 11,209,664 | |
| Intangible assets from Elle acquisition | |
| 1,280,000 | |
| Amortization expense | |
| (2,300,638 | ) |
| Balance as of December 31, 2024 | |
$ | 10,189,026 | |
| Amortization expense | |
| (2,290,419 | ) |
| Balance as of December 31, 2025 | |
$ | 7,898,607 | |
|
| Schedule of amortization expense |
| Schedule of amortization expense | | |
| |
| | 2026 | | |
$ | 2,091,505 | |
| | 2027 | | |
| 1,406,262 | |
| | 2028 | | |
| 1,064,106 | |
| | 2029 | | |
| 906,886 | |
| | 2030 | | |
| 727,096 | |
| | Thereafter | | |
| 1,702,752 | |
| | Total | | |
$ | 7,898,607 | |
|