XML 22 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 6 – Intangible Assets, Net

 

The following are the details of intangible assets at December 31, 2017 and 2016:

 

    2017     2016  
Leased locations   $ 7,000,000        
      7,000,000        
Less accumulated amortization     (333,333 )      
Intangible assets, net   $ 6,666,667        

 

All of the above intangible assets are being amortized over 84 months.

 

Amortization expense for the years ended December 31, 2017 and 2016 was $333,333 and $0, respectively.

 

The estimated future amortization expense related to intangible assets are as follows:

Years ending December 31,      
2018   $ 1,000,000  
2019     1,000,000  
2020     1,000,000  
2021     1,000,000  
2022     1,000,000  
Thereafter     1,666,667  
    $ 6,666,667