XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1
INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets, net (other than goodwill)

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  
Schedule of future amortization expense of intangible assets

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