Schedule of Intangible Assets from Continuing Operations |
The following is a schedule of intangible assets as of June 30, 2018: | | | | | | | | | | | | | | | | | | | | Term | | Carrying Value | | Accumulated Amortization and Impairment | | Net Carrying Value | | Year-to-date Amortization | | | | | | | | | | | Customer list, Google | 20 years | | $ | 8,820,000 |
| | $ | (2,793,000 | ) | | $ | 6,027,000 |
| | $ | 220,500 |
| Technology | 5 years | | 3,600,000 |
| | (1,020,000 | ) | | 2,580,000 |
| | 360,000 |
| Customer list, all other | 10 years | | 1,610,000 |
| | (1,019,692 | ) | | 590,308 |
| | 80,502 |
| Customer relationships | 20 years | | 570,000 |
| | (40,375 | ) | | 529,625 |
| | 14,250 |
| Trade names, web properties (1) | - | | 390,000 |
| | — |
| | 390,000 |
| | — |
| Brand | 1 year | | 121,000 |
| | (121,000 | ) | | — |
| | 10,083 |
| Non-competition agreements | 1 year | | 69,000 |
| | (69,000 | ) | | — |
| | 5,750 |
| Intangible assets classified as long-term | | | $ | 15,180,000 |
|
| $ | (5,063,067 | ) | | $ | 10,116,933 |
| | $ | 691,085 |
| | | | | | | | | | | Goodwill, total | - | | $ | 9,853,342 |
| | $ | — |
| | $ | 9,853,342 |
| | $ | — |
|
| | (1) | The trade names related to our web properties have an indefinite life, and as such are not amortized. |
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Schedule of Amortization Expense |
Amortization expense over the next five years and thereafter is as follows: | | | | | 2018 | $ | 675,252 |
| 2019 | 1,350,504 |
| 2020 | 1,350,504 |
| 2021 | 1,350,504 |
| 2022 | 556,294 |
| Thereafter | 4,443,875 |
| Total | $ | 9,726,933 |
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