GOODWILL AND ACQUIRED INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in HF Group’s carrying amount of goodwill by segment are presented below:

	HF		B&R Global		Total
Balance at December 31, 2019	$	—	$	406,703,348	$	406,703,348
Impairment charge	—		(338,191,407)		(338,191,407)
Balance at June 30, 2020	$	—	$	68,511,941	$	68,511,941

Schedule of Finite-Lived Intangible Assets

The components of the intangible assets are as follows:

	As of June 30, 2020						As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Tradenames	$	29,303,000	$	(1,953,533)	$	27,349,467	$	29,303,000	$	(488,383)	28,814,617
Customer relationships	159,200,000		(5,306,667)		153,893,333		159,200,000		(1,326,667)		157,873,333
Total	$	188,503,000	$	(7,260,200)	$	181,242,800	$	188,503,000	$	(1,815,050)	186,687,950

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for intangible assets is presented below:

Twelve months ending June 30,	Amount
2021	$	10,890,300
2022	10,890,300
2023	10,890,300
2024	10,890,300
2025	10,890,300
Thereafter	126,791,300
Total	$	181,242,800