| SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL |
Intangible
assets, net consists of the following:
SCHEDULE
OF INTANGIBLE ASSETS AND GOODWILL
| |
|
September 30, 2024 |
|
| |
|
Gross |
|
|
Accumulated |
|
|
|
|
| |
|
Carrying Amount |
|
|
Amortization |
|
|
Net |
|
| Trade names and trademarks |
|
|
27,138,345 |
|
|
|
3,403,735 |
|
|
|
23,734,610 |
|
| Customer relationships |
|
|
6,915,000 |
|
|
|
1,361,313 |
|
|
|
5,553,687 |
|
| Domain names |
|
|
25,750 |
|
|
|
12,017 |
|
|
|
13,733 |
|
| Intangible Assets |
|
$ |
34,079,095 |
|
|
$ |
4,777,065 |
|
|
$ |
29,302,030 |
|
| |
|
December 31, 2023 |
|
| |
|
Gross |
|
|
Accumulated |
|
|
|
|
| |
|
Carrying Amount |
|
|
Amortization |
|
|
Net |
|
| Trade names and trademarks |
|
|
26,937,670 |
|
|
|
1,885,389 |
|
|
|
25,052,281 |
|
| Customer relationships |
|
|
7,049,000 |
|
|
|
753,914 |
|
|
|
6,295,086 |
|
| Domain names |
|
|
25,750 |
|
|
|
10,729 |
|
|
|
15,021 |
|
| Intangible Assets |
|
$ |
34,012,420 |
|
|
$ |
2,650,032 |
|
|
$ |
31,362,388 |
|
|
| SCHEDULE OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS |
As
of September 30, 2024, future expected amortization expense of intangible assets was as follows:
SCHEDULE
OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS
| Fiscal period: |
|
September 30, 2024 |
|
| Remainder of 2024 |
|
$ |
731,026 |
|
| 2025 |
|
|
2,824,750 |
|
| 2026 |
|
|
2,824,750 |
|
| 2027 |
|
|
2,824,750 |
|
| 2028 |
|
|
2,821,416 |
|
| Thereafter |
|
|
17,275,338 |
|
| Total amortization remaining |
|
$ |
29,302,030 |
|
|