XML 107 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Components of Intangible Assets Subject to Amortization
Components of intangible assets (subject to amortization) consist of the following items:
 
 
 
 
December 31, 2019
 
December 31, 2018
 
 
Useful Life
(in years)
 
Gross
Carrying
Amount
 
 
Accumulated Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
 
Accumulated Amortization
 
Net
Carrying
Amount
Customer relations
 
5-8
 
$
1,329,580

 
$
884,917

 
$
444,663

 
$
1,329,580

 
$
718,890

 
$
610,690

Vendor relations
 
10
 
6,654,497

 
4,197,213

 
2,457,284

 
6,654,497

 
3,531,764

 
3,122,733

Trademark/Trade name
 
6-16
 
1,249,887

 
531,885

 
718,002

 
1,249,887

 
436,869

 
813,018

TCEP Technology/Patent
 
15
 
13,287,000

 
6,180,643

 
7,106,357

 
13,287,000

 
5,294,843

 
7,992,157

Non-compete agreements
 
3-5
 
196,601

 
168,200

 
28,401

 
196,601

 
156,680

 
39,921

Internally developed software in progress
 
3-5
 
489,093

 

 
489,093

 

 

 

 
 
 
 
$
23,206,658

 
$
11,962,858

 
$
11,243,800

 
$
22,717,565

 
$
10,139,046

 
$
12,578,519

Schedule of Estimated Future Amortization Expense
Estimated future amortization expense is as follows:
2020
$
1,921,630

2021
1,921,630

2022
1,706,702

2023
1,349,318

2024
1,292,875

Thereafter
3,051,645

 
$
11,243,800