Intangible Assets, Net

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 5 – Intangible Assets, Net

The following are the intangible assets at June 30, 2018 and December 31, 2017:

	June 30			December 31,
	2018			2017
Leased locations	$	7,000,000		$	7,000,000
Software		1,075,000			—
		8,075,000			7,000,000
Less accumulated amortization		(883,304	)		(333,333	)
Intangible assets, net	$	7,191,696		$	6,666,667

All of these intangible assets are being amortized over 84 months.

Amortization expense for the six months ended June 30, 2018 and 2017 was $549,971 and $0, respectively.

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

Twelve months ending June 30,
2019	$	1,153,571
2020		1,153,571
2021		1,153,571
2022		1,153,571
2023		1,153,571
Thereafter		1,423,841
	$	7,191,696