3. INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

3.     INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	June 30, 2020		December 31, 2019
Trademarks	$	39,053	$	39,053
Platform		6,547,164		5,598,136
Customer lists and contracts		1,177,200		1,177,200
Kiosk development		–		64,802
Licenses		591,696		534,569
		8,355,113		7,413,760
Less: accumulated amortization		4,346,319		3,597,528
Intangible assets, net	$	4,008,794	$	3,816,232

Intangible assets are amortized over their useful lives ranging from periods of 3 to 5 years. Amortization expense for the three months ended June 30, 2020 and 2019 was $403,544 and 316,516, respectively. Amortization expense for the six months ended June 30, 2020 and 2019 was $813,592 and $590,496, respectively.