Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

5.

     GOODWILL AND OTHER INTANGIBLE ASSETS

Intangible assets relate to the purchase of businesses on

July 1, 2018,

June 1, 2017

and

July 1, 2016.

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 other intangible assets is calculated on a straight-line basis over periods ranging from

one

year to

15

years. Intangible assets consist of the following:

	December 31, 2018		December 31, 2017
Customer Intangibles	$	4,970,000	$	1,970,000
Non-Compete Agreements		200,000		200,000
Trademarks		340,000		340,000
Total Other Intangibles		5,510,000		2,510,000
Less: Accumulated Amortization		1,177,798		613,601
Other Intangibles, Net	$	4,332,202	$	1,896,399

Amortization of other intangibles was

$217,257

and

$29,091

for the

three

months ended

December 31, 2017

and

2016,

respectively; and

$564,197

and

$367,253

for the fiscal years ended

December 31, 2018

and

September 30, 2017,

respectively. The Company expects to recognize amortization expense of

$379,030

in

2019,

$379,030

in

2020,

$379,030

in

2021,

$339,030

in

2022,

$339,030

in

2023

and

$2,517,052

thereafter.