Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired intangible assets:

	September 30, 2018
	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Customer relationships		10	$	4,830,000	$	1,116,332	$	3,713,668
Developed technologies		9		1,080,000		241,515		838,485
Tradename		3		120,000		56,667		63,333
Non-compete agreement		3		67,000		62,273		4,727
Total intangible assets, net		10	$	6,097,000	$	1,476,787	$	4,620,213

	December 31, 2017
	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Customer relationships		10	$	4,830,000	$	754,082	$	4,075,918
Developed technologies		9		1,080,000		142,477		937,523
Tradename		3		120,000		26,667		93,333
Non-compete agreement		3		67,000		45,523		21,477
Total intangible assets, net		10	$	6,097,000	$	968,749	$	5,128,251

Schedule of Estimated Annual Amortization of Intangible Assets

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $169,346 and $74,402 for the three months ended September 30, 2018 and 2017, respectively, and $508,038 and $396,206 for the nine months ended September 30, 2018 and 2017, respectively.

	Estimated Future Amortization
2018 (remaining three months)	$	168,490
2019		655,052
2020		627,667
2021		598,420
2022		563,000
Thereafter		2,007,584
Total	$	4,620,213