Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.21.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        March 31, 2021
    Estimated life       Accumulated    
    in years   Gross amount   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       273,833       36,167  
SIAS acquired contracts     5       660,000       583,000       77,000  
Non-compete agreements     4       272,147       272,147       —  
Total intangible assets subject to amortization             2,139,421       2,026,254       113,167  
Total Goodwill and Intangible Assets           $ 5,449,389     $ 2,026,254     $ 3,423,135
Schedule of amortization over the next two years

Scheduled amortization over the next year is as follows:

 

Twelve months ending March 31,    
2022     $ 113,167