Data Storage Corporation General form of registration statement for all companies including face-amount certificate companies

Goodwill and Intangible Assets (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

Goodwill and intangible assets consisted of the following:

	Estimated		September 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		242,833		67,167
SIAS acquired contracts		5		660,000		517,000		143,000
Non-compete agreements		4		272,147		272,147		—
Total intangible assets subject to amortization				2,139,421		1,929,254		210,167
Total Goodwill and Intangible Assets			$	5,449,389	$	1,929,254	$	3,520,135

Goodwill and intangible assets consisted of the following:

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		196,334		113,666
SIAS acquired contracts	5		660,000		418,000		242,000
Non-compete agreements	4		272,147		272,147		-
Total intangible assets subject to amortization			2,139,421		1,783,755		355,666
Total Goodwill and Intangible Assets		$	5,449,389	$	1,783,755	$	3,665,634

Scheduled amortization over the next two years as follows:

Twelve months ending September 30,
2021	$	194,000
2022		16,167
Total	$	210,167

Scheduled amortization over the next two years as follows: