GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2021

GOODWILL AND INTANGIBLE ASSETS [Abstract]

Changes in Goodwill

The following table reflects changes in goodwill:

Beginning balance at December 31, 2020	$	5,963,744
Change in foreign currency exchange rate		(274,429	)
Balance at March 31, 2021	$	5,689,315

Intangible Assets

Intangible assets consisted of the following at:

		March 31, 2021			December 31, 2020
	Weighted Average Remaining Useful Life	Cost	Accumulated Amortization	Net Book Value	Cost	Accumulated Amortization	Net Book Value
Intellectual property	5	$1,616,097	$512,293	$1,103,804	$1,638,699	$472,190	$1,166,509
Developed technology	5	2,010,518	630,263	1,380,255	2,102,526	594,186	1,508,340
Customer contracts/relationships	6	1,269,543	442,909	826,634	1,323,424	423,093	900,331
Trade names	7	111,739	45,429	66,310	115,318	44,512	70,806
		$5,007,897	$1,630,894	$3,377,003	$5,179,967	$1,533,981	$3,645,986