WaveDancer, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 9 - Intangible Assets and Goodwill (Tables)

Note 9 - Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Intangible Assets and Goodwill [Table Text Block]

	Weighted Average Useful Life (Years)		December 31, 2021			Additions			Impairment			December 31, 2022
Intangible assets with estimated useful lives
Technology		5.0	$	2,900,000		$	-		$	(1,526,564	)	$	1,373,436
Customer relationships		6.4		4,950,000			-			(2,122,629	)		2,827,371
Non-compete agreements		3.0		120,000			-			-			120,000
Accumulated amortization				(201,032	)		(1,399,572	)		-			(1,600,604	)
Sub-total				7,768,968			(1,399,572	)		(3,649,193	)		2,720,203
Intangible assets with indefinite lives
Trade names	Indefinite			280,000			-			-			280,000
Net identifiable intangible assets			$	8,048,968		$	(1,399,572	)	$	(3,649,193	)	$	3,000,203

Finite-Lived Intangible Assets Amortization Expense [Table Text Block]

2023	$	578,088
2024		548,151
2025		538,092
2026		537,846
2027		347,538
Thereafter		170,488
Total	$	2,720,203

Schedule of Goodwill [Table Text Block]

	Tellenger		Blockchain SCM			Consolidated
Goodwill, gross
Balance at December 31, 2021	$	1,125,101	$	6,460,168		$	7,585,269
Additions		-		-			-
Balance at December 31, 2022		1,125,101		6,460,168			7,585,269

Cumulative impairment loss
Balance at December 31, 2021		-		-			-
Impairment expense		-		(6,460,168	)		(6,460,168	)
Balance at December 31, 2022		-		(6,460,168	)		(4,210,168	)

Goodwill, net
Balance at December 31, 2021	$	1,125,101	$	6,460,168		$	7,585,269
Balance at December 31, 2022	$	1,125,101	$	-		$	1,125,101

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details