Note 5 - Goodwill and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2019

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 intangible assets is on a straight-line basis over period ranging from

1

 year to

15

years. Intangible assets are as follows:

	September 30, 2019		December 31, 2018
Customer list intangibles	$	4,970,000	$	4,970,000
Non-compete agreements		200,000		200,000
Trademarks		340,000		340,000
Total intangible assets		5,510,000		5,510,000
Less: accumulated amortization		1,458,572		1,177,798
Intangible assets, net	$	4,051,428	$	4,332,202

Amortization of intangibles assets was

$93,592

 and 

$93,591

for the

three

months ended

September 30, 2019

and

2018,

respectively, and

$280,774

 and 

$470,606

for the

nine

months ended

September 30, 2019

and

2018,

respectively.