Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        December 31, 2019
    Estimated 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       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
Schedule of amortization over the next two years

Scheduled amortization over the next two years as follows:

 

Years ending December 31,        
2020     $ 194,000  
2021       161,666  
Total     $ 355,666