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Intangible and other long-term assets (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of detailed information about intangible assets [abstract]  
Schedule of Balances

The balances as of December 31, 2019 and 2018 are as follows:

 

  2 0 1 9  

Amortization

period

(years)

Assets

Original

Value

  

Accumulated

amortization

   Net  
Republic trade mark $ 101,657   $         $ 101,657   *  
Kobe Tech contract   118,471     118,471                    12  
Customers list   62,056     47,379     14,678   20  
Total from Republic (1)   282,184     165,849     116,335      
                       
Customers list   2,205,700     2,205,700                   9  
San 42 trademark (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      
    4,631,644     2,371,549     2,260,095      
Other assets   75,022               75,022      
  $ 4,706,666   $ 2,371,549   $ 2,335,117      
                                   

 

 

  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
San 42 trademark (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    
    4,643,365     2,372,451     2,270,914    
Other assets   29,138               29,138    
  $ 4,672,503   $ 2,372,451   $ 2,300,052    

 

*Intangible assets with undefined useful life.

 

(1)Intangible assets from the Republic acquisition.

 

(2)The San 42 trademark 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 at January 1, 2018  $ 4,841,423   $  (2,369,875)    $ 2,471,548
  Additions   10,087     (10,087)      
  Disposals   (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
  Additions   9,880     (9,880)      
  Adjustment effect of the year   24,283     10,782     35.065
  Balance as of December 31, 2019 $ 4,706,666   $ (2,371,549)   $ 2,335,117