Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Details - Intangibles)

v3.21.2
Goodwill and Intangible Assets, Net (Details - Intangibles) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets $ 10,063,859 $ 428,859
Foreign Currency Translation Adjustment 15,353 0
Less Accumulated Amortization (768,912) (400,165)
Net Intangible Assets 9,310,300 28,694
Trademarks [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [1] 129,831 129,831
Trade Names [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [2] 3,430,000 0
Customer Relationships [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [3] 6,140,000 0
Noncompete Agreements [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [4] 60,000 0
Other Intangible Assets [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [1] $ 304,028 $ 299,028
[1] General Intangibles Other than Goodwill
[2] Amount represents fair value of the ChizComm and ChizComm Beacon Media Trade Names which have been determined to have an indefinite useful life.
[3] Amount represents fair value of the ChizComm and ChizComm Beacon Media Customer Relationships with a useful life of 12 years. Amortization expense for the three and nine months ended September 30, 2021 was $128,083 and $341,553, respectively.
[4] Amount represents fair value of the Non-Compete agreements as part of the ChizComm acquisition. The Non-Compete agreements have a useful life of 3 years. Amortization expense for the three and nine months ended September 30, 2021 was $5,006 and $13,350, respectively.