Intangible Assets, Net

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 5 – Intangible Assets, Net

The following are the details of intangible assets at March 31, 2018 and December 31, 2017:

	March 31			December 31,
	2018			2017
Leased locations	$	7,000,000		$	7,000,000
Software		1,000,000
		8,000,000			7,000,000
Less accumulated amortization		(595,238	)		(333,333	)
Intangible assets, net	$	7,404,762		$	6,666,667

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

Amortization expense for the three months ended March 31, 2018 and 2017 was $261,905 and $0, respectively.

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

Twelve months ending March 31,
2019	$	1,142,857
2020		1,142,857
2021		1,142,857
2022		1,142,857
2023		1,142,857
Thereafter		1,690,477
	$	7,404,762