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INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangible assets, net (other than goodwill)
       Acquired
and
             
   Customer   Developed   Intellectual   Patents     
   Relationships   Software   Property   Pending   Total 
                     
Useful Lives   10 Years    5 Years    10 Years    N/A      
                          
Carrying Value at December 31, 2019  $970,019   $3,651,924   $862,792   $108,877   $5,593,612 
Additions   -    252,875    -    4,925    257,800 
Amortization   (79,358)   (425,821)   (74,192)   -    (579,371)
Carrying Value at June 30, 2020  $890,661   $3,478,978   $788,600   $113,802   $5,272,041 

 

The following is a summary of intangible assets as of June 30, 2020:

 

       Acquired
and
             
   Customer   Developed   Intellectual   Patents     
   Relationships   Software   Property   Pending   Total 
Cost  $1,587,159   $4,324,425   $1,498,364   $113,802   $7,537,837 
Accumulated amortization   (696,498)   (845,446)   (709,764)   -    (2,265,796)
Carrying Value at June 30, 2020  $890,661   $3,478,980   $788,600   $113,802   $5,272,041 
   Customer
Relationships
   Acquired and
Developed
Software
   Intellectual
Property
   Non-Compete   Patents
Pending
   Total 
                         
Useful Lives   10 Years    5 Years    10 Years    10 Years    N/A      
                               
Carrying Value at December 31, 2017  $1,287,450   $   $1,556,934   $5,250   $28,446    2,878,080 
Additions       959,882            49,736    1,009,618 
Write off of assets           (148,627)           (148,627)
Amortization   (158,716)   (50,989)   (216,365)   (2,817)       (428,887)
Carrying Value at December 31, 2018   1,128,734    908,893    1,191,942    2,433    78,182    3,310,184 
Additions       3,111,668            30,695    3,142,363 
Impairment loss           (154,622)           (154,622)
Amortization   (158,715)   (368,637)   (174,528)   (2,433)       (704,313)
Carrying Value at December 31, 2019  $970,019   $3,651,924   $862,792   $-   $108,877   $5,593,612 

 

The following is a summary of intangible assets as of December 31, 2018:

 

   Customer  
Relationships
   Acquired and
Developed
Software
   Intellectual
 Property
   Non-Compete   Patents  
Pending
   Total 
Cost  $1,587,159   $959,882   $1,759,809   $14,087   $78,182   $4,399,119 
Accumulated amortization   (458,425)   (50,989)   (567,867)   (11,654)       (1,088,935)
Carrying Value at December 31, 2018  $1,128,734   $908,893   $1,191,942   $2,433   $78,182   $3,310,184 

  

The following is a summary of intangible assets as of December 31, 2019:

 

   Customer
Relationships
   Acquired and
Developed
Software
   Intellectual
Property
   Non-Compete   Patents
Pending
   Total 
Cost  $1,587,159   $4,071,550   $1,498,363   $14,087   $108,877   $7,280,036 
Accumulated amortization   (617,140)   (419,626)   (635,571)   (14,087)       (1,686,424)
Carrying Value at December 31, 2019  $970,019   $3,651,924   $862,792   $   $108,877   $5,593,612 
Schedule of future amortization expense of intangible assets

Fiscal Year Ending December 31,    
Remainder of 2020  $604,658 
2021   1,209,317 
2022   1,115,983 
2023   1,064,994 
2024   841,492 
Thereafter   435,597 
   $5,272,041 

 

2020  $1,158,743 
2021   1,158,743 
2022   1,119,319 
2023   1,014,421 
2024   790,106 
Thereafter   352,280 
   $5,593,612