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Intangible and other long-term assets (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosure of detailed information about intangible assets [abstract] |
Schedule of Balances |
The balances as of December 31, 2018 and 2017 are as follows:
| 2 0 1 8 |  | Amortization period (years)
Assets | Original Value |  | Accumulated amortization |  | Net |
Republic trade mark | $ | 105,879 |  | $ | - |  | $ | 105,879 |  | *
Kobe Tech contract |  | 123,392 |  |  | 123,392 |  |  | - |  | 12
Customers list |  | 64,634 |  |  | 43,359 |  |  | 21,275 |  | 20
Total from Republic (1) |  | 293,905 |  |  | 166,751 |  |  | 127,154 |  |
Customers list |  | 2,205,700 |  |  | 2,205,700 |  |  | - |  | 9
Trademark San 42 (2) |  | 329,600 |  |  | - |  |  | 329,600 |  | *
Goodwill |  | 1,814,160 |  |  | - |  |  | 1,814,160 |  | *
Total from Grupo San |  | 4,349,460 |  |  | 2,205,700 |  |  | 2,143,760 |  |
|  | 4,643,365 |  |  | 2,372,451 |  |  | 2,270,914 |  |
Other assets |  | 29,138 |  |  | - |  |  | 29,138 |  |
| $ | 4,672,503 |  | $ | 2,372,451 |  | $ | 2,300,052 |  |
| 2 0 1 7 |  | Amortization period (years)
Assets | Original Value |  | Accumulated Amortization |  | Net |
Republic trade mark | $ | 106,303 |  | $ | - |  | $ | 106,303 |  | *
Kobe Tech contract |  | 123,887 |  |  | 123,887 |  |  | - |  | 12
Customers list |  | 64,893 |  |  | 40,288 |  |  | 24,605 |  | 20
Total from Republic (1) |  | 295,083 |  |  | 164,175 |  |  | 130,908 |  |
Customers list |  | 2,205,700 |  |  | 2,205,700 |  |  | - |  | 9
Trademark San 42 (2) |  | 329,600 |  |  | - |  |  | 329,600 |  | *
Goodwill (2) |  | 1,814,160 |  |  | - |  |  | 1,814,160 |  | *
Total from Grupo San (3) |  | 4,349,460 |  |  | 2,205,700 |  |  | 2,143,760 |  |
|  | 4,644,543 |  |  | 2,369,875 |  |  | 2,274,668 |  |
Other assets |  | 196,880 |  |  | - |  |  | 196,880 |  |
| $ | 4,841,423 |  | $ | 2,369,875 |  | $ | 2,471,548 |  |
| * | Intangible assets with undefined useful life.
| (1) | Intangible assets from the Republic acquisition.
| (2) | The trade mark San 42 and the goodwill are presented net of impairment losses recorded in 2009 for $16,000 and $ 2,352,000, respectively.
| (3) | Intangible assets from the Grupo San acquisition.
Schedule of Reconciliation between Opening and Closing Balances |
The reconciliation between the opening and closing balances of each year is presented below:
Assets | Original Value |  | Accumulated amortization | Net
Balance as of December 31, 2016 | $ | 4,810,053 |  | $ | (2,265,780) |  | $ | 2,544,273
Additions |  | 45,253 |  |  | (125,384) |  |  | (80,131)
Adjustment effect of the year |  | (13,883) |  |  | 21,289 |  |  | 7,406
Balance as of December 31, 2017 | $ | 4,841,423 |  | $ | (2,369,875) |  | $ | 2,471,548
Additions |  | 10,087 |  |  | (10,087) |  |  |
Low |  | (122,487) |  |  |  |  |  | (122,487)
Adjustment effect of the year |  | (56,520) |  |  | 7,511 |  |  | (49,009)
Balance as of December 31, 2018 | $ | 4,672,503 |  | $ | (2,372,451) |  | $ | 2,300,052

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