Note 5 - Goodwill and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

5.

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Intangible assets relate to the purchase of businesses. Goodwill represents the excess of cost over the fair value of identifiable assets acquired. Goodwill is

not

amortized but is reviewed on an annual basis for impairment. Amortization of intangibles is being amortized on a straight-line basis over period ranging from

one

year to

15

years. Intangible assets are as follows:

	September 30, 2018		December 31, 2017
Customer List: Backlog	$	4,970,000	$	1,970,000
Non-Compete Agreements		200,000		200,000
Trademarks		340,000		340,000
Other Intangibles		5,510,000		2,510,000
Less: Accumulated Amortization		1,084,207		613,601
Other Intangibles, Net	$	4,425,793	$	1,896,399

Amortization of intangibles assets was:

$470,606

 and 

$338,162

for the

nine

months ended

September 30, 2018

and

2017,

respectively.