Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

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

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  
Schedule of amortization over the next two years

Scheduled amortization over the next two years as follows:

 

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