Intangible assets, net

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 8 — Intangible assets, net

As of December 31, 2018, intangible assets consisted of the following:

							For the Years Ended December 31,
	Useful Life		Weighted Average Remaining Life		Gross Carrying Amount		Accumulated Amortization		Net Amount
Definite lived intangible assets:
Customer relationships		15 years		14.8 years	$	4,270,000	$	61,556	$	4,208,444
Developed technology		7 years		6.7 years	$	3,800,000		159,524		3,640,476
Membership network		7 years		6.7 years	$	1,740,000		82,857		1,657,143
Non-compete agreements		2 years		1.7 years	$	50,000		8,333		41,667
Total definite lived intangible assets					$	9,860,000	$	312,270	$	9,547,730
Indefinite lived intangible assets:
Trademarks and tradenames		Indefinite			$	3,140,000	$	-	$	3,140,000
Total indefinite lived intangible assets					$	3,140,000	$	-	$	3,140,000
Total intangible assets						13,000,000	$	312,270	$	12,687,730

Amortization expense for the years ended December 31, 2018 and 2017 was $312,270 and $0, respectively.

The estimated future amortization of intangibles subject to amortization at December 31, 2018 was as follows:

For the Years Ended December 31,	Amount
2019	$	1,101,095
2020		1,092,762
2021		1,076,095
2022		1,076,095
2023		1,076,095
Thereafter		4,125,588
		9,547,730