Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        September 30, 2019
    Estimated life
in years		   Gross amount   Accumulated
Amortization		   Net
                 
Goodwill   Indefinite   $ 3,015,700     $ N/A     $ 3,015,700  
Intangible assets                            
Trademarks   Indefinite     294,268       N/A       294,268  
Customer lists   5 - 15     897,274       897,274       0  
ABC acquired contracts   5     310,000       180,833       129,167  
SIAS acquired contracts   5     660,000       385,000       275,000  
Non-compete agreements   4     272,147       271,869       278  
Total intangible assets         2,433,689       1,734,976       698,713  
Total Goodwill and Intangible Assets       $ 5,449,389     $ 1,734,976     $ 3,714,413  
Schedule of amortization over the next five years

Scheduled amortization over the next three years as follows:

 

For the Twelve Months ending September 30,    
2020   $ 194,278  
2021     194,000  
2022     16,167  
Total   $ 404,445