Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        March 31, 2018
    Estimated life
in years 		  Gross amount   Accumulated
Amortization 		  Net
                 
Goodwill   Indefinite   $ 3,015,700     $ —     $ 3,015,700  
Intangible assets                            
Trademarks   Indefinite     294,268       —       294,268  
Customer lists   5 - 15     897,274       897,274       —  
ABC acquired contracts   5     310,000       149,833       160,167  
SIAS acquired contracts   5     660,000       319,000       341,000  
Non-compete agreements   4     272,147       270,203       1,344  
Total intangible assets         2,433,689       1,636,310       797,379  
Total Goodwill and Intangible Assets       $ 5,449,389     $ 1,636,310     $ 3,813,079  
Schedule of amortization over the next five years

Scheduled amortization over the next three years as follows:

 

For the Twelve Months ending March 31,    
2020   $ 147,444  
2021     194,000  
2022     161,067  
Total   $ 502,511