Intangible Assets
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

 

Intangible assets, net is as follows:

 

   Useful Lives   Gross
Carrying		   Accumulated   Net Carrying 
December 31, 2021  (Years)   Amount   Amortization   Amount 
Long-lived intangible assets:                    
Sales Process   10   $2,130,956   $(1,921,386)  $209,570 
Paid Member Relationships   5    803,472    (803,472)   - 
Member Lists   5    8,086,181    (8,086,181)   - 
Developed Technology   3    648,000    (648,000)   - 
Trade Name/Trademarks   4    442,500    (440,208)   2,292 
Contracts acquired in RemoteMore acquisition   3-12 months    935,683    (269,664)   666.019 
         13,046,792    (12,168,911)   877,881 
Indefinite-lived intangible assets:                    
Trade name                  90,400 
Intangible assets, net                 $968,281 

 

 

   Useful Lives   Gross Carrying   Accumulated   Net Carrying 
December 31, 2020  (Years)   Amount   Amortization   Amount 
Long-lived intangible assets:                    
Sales Process   10   $2,130,956   $(1,845,178)  $285,778 
Paid Member Relationships   5    803,472    (803,472)   - 
Member Lists   5    8,086,181    (8,086,181)   - 
Developed Technology   3    648,000    (648,000)   - 
Trade Name/Trademarks   4    440,000    (440,000)   - 
         12,108,609    (11,822,831)   285,778 
Indefinite-lived intangible assets:                    
Trade name                  90,400 
Intangible assets, net                 $376,178 

 

Future annual estimated amortization expense is summarized as follows:

 

Year ended December 31,    
2022  $742,851 
2023   76,832 
2024   57,781 
2025 and thereafter   417 
  $877,881 

 

Amortization expense related to intangible assets of $346,080 and $76,207 for the years ended December 31, 2021 and 2020, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.