Intangible Assets, Net |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets, Net |
Note 7 – Intangible Assets, net The intangible assets consist of the acquired brand assets of Kalahari, which as of December 31, 2023 and 2022, had a carrying value of $4,119,690 and $4,362,024, respectively. As of December 31, 2023 and 2022, accumulated amortization related to intangible assets had a balance of $729,907 and $487,573, respectively. As of December 31, 2023, the Company estimated that the remaining useful life of the Company's intangible asset was approximately 17 years. The estimated future amortization of intangibles subject to amortization at December 31, 2023 was as follows:
Amortization expense for the years ended December 31, 2023 and 2022 was $242,335 and $242,335, respectively. |
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