| INTANGIBLE ASSETS |
6. INTANGIBLE ASSETS Intangible assets on the Company’s condensed consolidated balance sheets consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2023 | | December 31, 2022 | | | | | Gross | | Accumulated | | Net Book | | Gross | | Accumulated | | Net Book | | | Life | | Amount | | Amortization | | Value | | Amount | | Amortization | | Value | Customer lists | | 5 - 18 years | | $ | 112,437 | | $ | (36,318) | | $ | 76,119 | | $ | 112,378 | | $ | (34,377) | | $ | 78,001 | Trade name | | 10 - 19 years | | | 15,322 | | | (7,176) | | | 8,146 | | | 15,320 | | | (6,900) | | | 8,420 | Design and technologies | | 10 - 15 years | | | 41,266 | | | (9,504) | | | 31,762 | | | 41,212 | | | (8,558) | | | 32,654 | Total | | | | $ | 169,025 | | $ | (52,998) | | $ | 116,027 | | $ | 168,910 | | $ | (49,835) | | $ | 119,075 | | | | | | | | | | | | | | | | | | | | | |
Amortization expense for intangible assets was $3,009 and $2,434 for the three months ended March 31, 2023 and 2022, respectively. Estimated future intangible asset amortization expense as of March 31, 2023 is as follows: | | | | | | Estimated | | | Amortization Expense | | | | | Remainder of 2023 | | $ | 9,205 | 2024 | | | 11,881 | 2025 | | | 11,865 | 2026 | | | 11,767 | 2027 | | | 11,323 | Thereafter | | | 59,986 | Total estimated amortization expense | | $ | 116,027 | | | | |
|