Note 5 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

5:

                

INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	December 31, 2018						December 31, 2017
Asset	Cost		Accumulated amortization		Net book value		Cost		Accumulated amortization		Net book value		Estimated useful life (years)
eClinical Suite customer lists	$	1,392,701	$	1,392,701	$	-0-	$	1,392,701	$	1,392,701	$	-0-		3
Promasys B.V. customer lists		113,220		113,220		-0-		118,780		32,994		85,786		15
Promasys B.V. software code		72,837		72,837		-0-		72,837		60,698		12,139		5
Promasys B.V. URLs/website		57,182		57,182		-0-		59,990		59,990		-0-		3
Acuity software code		1,052,403		321,568		730,835		-0-		-0-		-0-		3
Total	$	2,688,343	$	1,957,508	$	730,835	$	1,644,308	$	1,546,383	$	97,925

During the

second

quarter of

2018

we recognized an impairment loss of

$79,634

on the Promasys B.V. customer list after performing a fair value analysis on the asset utilizing a discounted cash flow model. The impairment charge is separately presented on the Statement of Operations.

Amortization expense was

$337,704

 for the year ended

December 31, 2018

and

$22,048

for the year ended

December 31, 2017.

Annual amortization expense for the Company’s intangible assets is as follows:

Year	Amortization
2019	$	350,801
2020		350,801
2021		29,233
Total	$	730,835