| Schedule of Intangible Assets are Comprised of a Business-to-Business Software Platform |
During the year ended December 31, 2023, the Company completed an impairment analysis of its intangible assets and concluded the assets were impaired. As a result, they recorded an impairment change in the amount of $3,968,332 during the year ended December 31,2023.
|
|
|
Software
|
|
Customer
Relationships
|
|
Trade
name
|
|
Developed
Technology
|
|
Total
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
12,218,908 |
|
|
4,840,000 |
|
|
750,000 |
|
|
1,550,000 |
|
|
19,358,908 |
|
|
Additions
|
|
2,496,621 |
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,496,621 |
|
|
Impairments
|
|
—
|
|
|
(1,699,034 |
)
|
|
(329,167 |
)
|
|
(340,139 |
)
|
|
(2,338,340 |
)
|
|
At December 31, 2022
|
|
14,715,529 |
|
|
3,170,966 |
|
|
420,833 |
|
|
1,209,861 |
|
|
19,517,189 |
|
|
Additions
|
|
19,413 |
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19,413 |
|
|
Impairment
|
|
(1,656,691 |
)
|
|
(1,745,854 |
)
|
|
(420,833 |
)
|
|
(144,954 |
)
|
|
(3,968,332 |
)
|
|
At December 31, 2023
|
|
13,078,251 |
|
|
1,425,112 |
|
|
—
|
|
|
1,064,907 |
|
|
15,568,270 |
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
9,582,355 |
|
|
345,714 |
|
|
—
|
|
|
258,333 |
|
|
10,186,402 |
|
|
Amortization
|
|
1,729,326 |
|
|
691,430 |
|
|
—
|
|
|
516,667 |
|
|
2,937,423 |
|
|
At December 31, 2022
|
|
11,311,681 |
|
|
1,037,144 |
|
|
—
|
|
|
775,000 |
|
|
13,123,825 |
|
|
Amortization
|
|
1,766,570 |
|
|
387,968 |
|
|
—
|
|
|
289,907 |
|
|
2,444,445 |
|
|
At December 31, 2023
|
|
13,078,251 |
|
|
1,425,112 |
|
|
—
|
|
|
1,064,907 |
|
|
15,568,270 |
|
|
Carrying amounts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
2,636,553 |
|
|
4,494,286 |
|
|
750,000 |
|
|
1,291,667 |
|
|
9,172,506 |
|
|
At December 31, 2022
|
|
3,403,848 |
|
|
2,133,822 |
|
|
420,833 |
|
|
434,861 |
|
|
6,393,364 |
|
|
At December 31, 2023
|
|
0 |
|
|
0 |
|
|
0 |
|
|
0 |
|
|
0 |
|
|