Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Other Intangible Assets

Schedule of intangible assets

	As of September 30, 2020
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	501,000		(120,000	)	$	381,000
Technology		3,109,000		(1,436,026	)		1,672,974
Customer relationships		1,320,000		(862,253	)		457,747
Vendor relationships		1,813,000		(156,069	)		1,656,931
Unamortized intangible assets:		6,743,000		(2,574,348	)		4,168,652
Goodwill							10,938,143
Total goodwill and intangible assets						$	15,106,795

	As of December 31, 2019
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	501,000		(120,000	)	$	381,000
Technology		3,109,000		(1,192,000	)		1,917,000
Customer relationships		1,320,000		(773,000	)		547,000
Vendor relationships		1,813,000		-			1,813,000
Unamortized intangible assets:		6,743,000		(2,085,000	)		4,658,000
Goodwill							10,922,814
Total goodwill and intangible assets						$	15,580,814

Schedule of estimated amortization expense

Remainder of 2020		152,799
2021		559,200
2022		507,200
2023		459,200
2024		420,200
Thereafter		1,689,053
Indefinite Lived		381,000
Total	$	4,168,652