Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

    Estimated   June 30, 2020  
    life
in years		   Gross amount     Accumulated Amortization     Net  
Intangible assets not subject to amortization                            
Goodwill   Indefinite   $ 3,015,700     $ —     $ 3,015,700  
Trademarks   Indefinite     294,268       —       294,268  
Total intangible assets not subject to amortization         3,309,968       —       3,309,968  
Intangible assets subject to amortization                            
Customer lists   5-15     897,274       897,274       -  
ABC acquired contracts   5     310,000       227,333       82,667  
SIAS acquired contracts   5     660,000       484,000       176,000  
Non-compete agreements   4     272,147       272,147       -  
Total intangible assets subject to amortization         2,139,421       1,880,754       258,667  
Total Goodwill and Intangible Assets       $ 5,449,389     $ 1,880,754     $ 3,568,635  
Schedule of amortization over the next two years

Scheduled amortization over the next two years as follows:

 

Twelve months ending June 30,      
2021   $ 194,000  
2022     64,667  
Total   $ 258,667