INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL)

NOTE 4 – Intangible Assets, Net (Other than Goodwill)

The Company’s intangible assets consist of intellectual property acquired from MultiPay and FIN and are amortized over their estimated useful lives as indicated below. The following is a summary of activity related to intangible assets for the three months ended March 31, 2019:

				Acquired and
	Customer			Developed			Intellectual						Patents
	Relationships			Software			Property			Non-Compete			Pending		Total
Useful Lives		10 Years			5 Years			10 Years			10 Years			N/A
Carrying Value at December 31, 2018	$	1,128,734		$	908,893		$	1,191,942		$	2,433		$	78,182	$	3,310,184
Additions														597		597
Amortization		(39,679	)		(57,327	)		(43,432	)		(609	)		—		(141,047	)
Carrying Value at March 31, 2019	$	1,089,055		$	851,566		$	1,148,510		$	1,824		$	78,779	$	3,169,734

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

				Acquired and
	Customer			Developed			Intellectual						Patents
	Relationships			Software			Property			Non-Compete			Pending		Total
Cost	$	1,587,159		$	959,882		$	1,759,809		$	14,087		$	78,779	$	4,399,716
Accumulated amortization		(498,104	)		(108,316	)		(611,299	)		(12,263	)		—		(1,229,982	)
Carrying Value at March 31, 2019	$	1,089,055		$	851,566		$	1,148,510		$	1,824		$	78,779	$	3,169,734

Future expected amortization of intangible assets is as follows:

Fiscal Year Ending December 31,
Remainder of 2019	$	423,939
2020		562,554
2021		562,554
2022		469,220
2023		418,232
Thereafter		733,235
	$	3,169,734