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Intangible and other long-term assets (Tables)

12 Months Ended

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			Amortization period (years)
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			Amortization period (years)
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