GOODWILL & INTANGIBLE ASSETS
|9 Months Ended|
Sep. 30, 2022
|Goodwill and Intangible Assets Disclosure [Abstract]|
|GOODWILL & INTANGIBLE ASSETS||
NOTE 6 – GOODWILL & INTANGIBLE ASSETS
The Company has recorded goodwill in conjunction with the acquisitions it has completed. The goodwill balances as of September 30, 2022 and December 31, 2021 were $12,127,124 and $7,992,121, respectively. Goodwill is not amortized. There is no goodwill for income tax purposes. The Company did not record any impairment charges related to goodwill for the periods ended September 30, 2022 and 2021.
Intangible Assets Other Than Goodwill
Intangible assets as of September 30, 2022 and December 31, 2021 consisted of the following:
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS
The estimated future amortization expense for intangible assets subject to amortization as of September 30, 2022, is summarized below:
SCHEDULE OF FUTURE AMORTIZATION EXPENSES OF INTANGIBLE ASSETS
Amortization expense for intangible assets for the nine months ended September 30, 2022 and 2021 was $773,063 and $101,727, respectively. Amortization expense for intangible assets for the three months ended September 30, 2022 and 2021 was $304,339 and $101,149, respectively.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef