Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.21.2
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2021
Intangible Assets, Net  
Schedule of components of intangible assets, net

Intangible assets, net consisted of the following at the dates indicated:

​

​

​

​

​

​

​

​

​

​

​

​

    

June 30, 2021

​

    

Gross

    

​

​

    

​

​

​

​

Carrying

​

​

Accumulated

​

Net Carrying

​

​

Amount

​

​

Amortization

​

Value

Trade names

​

$

6,326,000

​

$

(138,017)

​

$

6,187,983

Software development

​

 

6,075,815

​

 

(488,718)

​

 

5,587,097

Customer relationships

​

​

8,180,000

​

​

(263,731)

​

​

7,916,269

Agent relationships

​

 

2,670,000

​

 

(42,143)

​

 

2,627,857

Know-how

​

​

430,000

​

​

(17,918)

​

​

412,082

​

​

$

23,681,815

​

$

(950,526)

​

$

22,731,288

​

​

​

​

​

​

​

​

​

​

​

​

    

December 31, 2020

​

    

Gross 

    

​

​

    

​

​

​

​

Carrying

​

Accumulated

​

Net Carrying

​

​

Amount

​

Amortization

​

Value

Trade names

​

$

166,000

​

$

(1,383)

​

$

164,617

Software development

​

 

921,248

​

 

(163,718)

​

 

757,530

​

​

$

1,087,248

​

$

(165,101)

​

$

922,147

Schedule of estimated future amortization expense for definite-lived intangible assets

As of June 30, 2021, the estimated future amortization expense for definite-lived intangible assets was:

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​

​

​

Years Ended December 31,

    

    

​

2021 (remaining)

​

$

1,769,815

2022

​

 

3,488,306

2023

​

 

3,388,058

2024

​

 

3,279,933

2025

​

 

3,021,909

Thereafter

​

​

7,783,267

Total

​

$

22,731,288