Data Storage Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

						September 30, 2018
			Estimated life in years				Gross Amount				Accumulated Amortization

Goodwill			Indefinite			$	3,015,700				N/A
Intangible Assets
Intangible assets not subject to amortization
Trademarks			Indefinite				294,268				N/A
Intangible assets subject to amortization
Client list			5 - 15				897,274				897,274
ABC Acquired contracts			5				310,000				118,833
SIAS Acquired contracts			5				660,000				253,000
Non-compete agreements			3 - 4				272,147				268,536

Total Intangible Assets							2,433,689				1,537,643

Total Goodwill and Intangible Assets						$	5,449,389			$	1,537,643

Schedule of amortization over the next three years

Scheduled amortization over the next three years as follows:

For the Twelve Months ending September 30,
2019			$	197,333
2020				194,278
2021				194,000
2022				16,167
Total			$	601,778