INTANGIBLE ASSETS AND GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The Company’s intangible assets at December 31, 2021 and 2020 include the following:
DescriptionEstimated Economic LifeDecember 31, 2021December 31, 2020
Developed technologies10 years$18,882,401 $— 
Lease intangible30 years3,621,488
License agreements10 years510,752— 
In-process research and development10 years350,000
Customer agreements1 year122,885— 
Distribution agreements8 years19,733— 
Trademarks10 years7,000 
Accumulated amortization(338,958)— 
Intangible assets, net$23,175,301 $— 
Accumulated amortization as of December 31, 2021 and 2020 consisted of the following:
December 31, 2021December 31, 2020
Developed technologies$231,920 $— 
License agreements20,625 — 
In-process research and development2,991 — 
Customer agreements81,923 — 
Distribution agreements1,499 — 
Accumulated amortization$338,958 $— 
The Company’s intangible assets at March 31, 2022 and December 31, 2021 include the following:
DescriptionEstimated Economic LifeMarch 31, 2022December 31, 2021
Developed technologies10 years$19,382,401 $18,882,401 
Lease intangible30 years3,621,4883,621,488 
License agreements10 years510,752510,752 
In-process research and development10 years— 350,000 
Customer agreements1 year122,885122,885 
Distribution agreements8 years19,73319,733 
Trademarks10 years7,000 7,000 
Accumulated amortization(907,267)(338,958)
Intangible assets, net$22,756,992 $23,175,301 
Accumulated amortization as of March 31, 2022 and December 31, 2021 consisted of the following:
March 31, 2022December 31, 2021
Developed technologies$691,042 $231,920 
Lease intangible30,325 — 
License agreements60,981 20,625 
In-process research and development— 2,991 
Customer agreements122,613 81,923 
Distribution agreements2,130 1,499 
Trademarks176 — 
Accumulated amortization$907,267 $338,958 
Schedule of Future Minimum Amortization Expense Future minimum amortization expense is as follows at December 31, 2021:
2022$2,148,222 
20232,103,108 
20242,098,956 
20252,098,956 
20262,098,956 
Thereafter12,627,103 
$23,175,301 
Future minimum amortization expense is as follows at March 31, 2022:
Remainder of 2022$1,592,316 
20232,118,936 
20242,114,784 
20252,114,784 
20262,114,784 
Thereafter12,701,388 
$22,756,992 
Schedule of Changes in Intangible Assets and Goodwill
Changes in the intangible assets and goodwill balances for the year ended December 31, 2021 are presented below:
As of December 31, 2020AcquisitionsAdditionsImpairmentAmortizationAs of December 31, 2021
Intangible assets— 23,125,786 850,000 (461,527)23,514,259 
Accumulated amortization— — 230,763 (569,721)(338,958)
Goodwill— 18,952,517 — (6,163,846)— 12,788,671 
Total intangible assets and goodwill— 42,078,303 850,000 (6,394,610)(569,721)35,963,972 
All intangibles and goodwill are associated with the Renewable Energy Products segment.
Changes in the intangible assets and goodwill balances for the three months ended March 31, 2022 are presented below:
As of December 31, 2021AdditionsImpairmentAmortizationAs of March
31, 2022
Intangible assets23,514,259 500,000 (350,000)23,664,259 
Accumulated amortization(338,958)— (568,309)(907,267)
Goodwill12,788,671 — — — 12,788,671 
Total intangible assets and goodwill35,963,972 500,000 (350,000)(568,309)35,545,663