Intangible Assets

12 Months Ended

Dec. 31, 2016

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 4 - INTANGIBLE ASSETS

In the year ended December 31, 2016, customer lists include the intangible assets related to customer relationships acquired through the acquisition of Christian Disposal and Eagle Ridge with a cost basis of $10,180,000. The customer list intangible assets are amortized over their useful life which ranged from 5 to 20 years. Amortization expense, excluding amortization of landfill assets of $337,254 and $3,043, amounted to $3,735,799 and $2,869,385 for the years ended December 31, 2016 and 2015 respectively. In June of 2016 the Company recorded $1,255,269 of impairment expense against the customer relationships due to the non-renewal of a Christian operating agreement. In addition, the contingent liability related to the Christian acquisition settled with no payment required and accordingly the $1,000,000 contingent liability recorded related was written off and recognized as other income.

The following tables set forth the intangible assets, both acquired and developed, including accumulated amortization as of December 31, 2016 and December 31, 2015:

	December 31, 2016
	Remaining			Accumulated		Net Carrying
	Useful Life	Cost		Amortization		Value
Customer lists	9.8 years	$	24,187,452	$	9,633,823	$	14,553,629
Non-compete agreement	3.2 years		206,000		91,320		114,680
Website	4.0 years		44,619		5,800		38,819
		$	24,438,071	$	9,730,943	$	14,707,128

	December 31, 2015
	Remaining			Accumulated		Net Carrying
	Useful Life	Cost		Amortization		Value
Customer list	13.7 years	$	24,187,452	$	4,687,090	$	19,500,362
Non-compete agreement	4.2 years		206,000		50,301		155,699
Website	3.9 years		13,920		3,016		10,904
		$	24,407,372	$	4,740,407	$	19,666,965

The following table sets forth the future amortization of the Company’s intangible assets at December 31, 2016:

	2017		2018		2019		2020		2021		Thereafter		Total
Customer list	$	3,367,159	$	3,367,159	$	2,361,496	$	853,001	$	853,001	$	3,751,813	$	14,553,629
Non-compete agreement		40,337		40,337		22,836		11,170		-		-		114,680
Website		8,846		8,846		8,847		6,140		6,140		-		38,819
Total	$	3,416,342	$	3,416,342	$	2,393,179	$	870,311	$	859,141	$	3,751,813	$	14,707,128