Note 9 – Intangible Assets and Goodwill

Components of intangible assets are as follows:

 Schedule of Finite-Lived Intangible Assets

The changes in the carrying amount of goodwill are as follows:

 Schedule of Carrying Amount of Goodwill

As part of the Wisconsin Fertility Institute (“WFI”) acquisition, which closed on August 10, 2023, the Company acquired a tradename valued at $253,000, noncompetition agreements valued at $3,961,000 and goodwill of $5,878,986 which includes assembled workforce valued at $34,000. The tradename was deemed to have a useful life of 10 years. The noncompetition agreements were deemed to have a useful life of 5 years. In 2025, the Company recognized an impairment of $1,397,353 in its Clinic Services segment on the noncompetition agreement as the Company agreed to release Dr. Pritts from her noncompetition agreement as part of a settlement and binding term sheet entered into with Dr. Pritts on May 14, 2025.

During the six months ended June 30, 2026, and 2025, the Company recorded amortization expenses related to intangible assets of $215,700 and $342,733, respectively. This amortization expense is related to the WFI tradename and WFI noncompetition agreements.

Goodwill has an indefinite useful life and is therefore not amortized.

The following table presents estimated future amortization expense:

 Schedule of Estimated Future Amortization Expense