NOTE

INTANGIBLE ASSETS

Intangible assets consist of the following:

	June 30, 2018							December 31, 2017
			Accumulated							Accumulated
	Cost		Amortization			Balance		Cost		Amortization			Balance

Customer relationships	$	7,818,900	$	(4,232,685	)	$	3,586,215	$	8,132,900	$	(2,970,533	)	$	5,162,367
Permits, licenses, and lease acquisition costs		2,181,621		(239,472	)		1,942,149		2,184,106		(178,835	)		2,005,271
Site location		849,347		(51,904	)		797,443		849,347		(23,593	)		825,754
Noncompetition agreements		285,000		(94,917	)		190,083		285,000		(66,417	)		218,583
Trade names and trademarks		722,200		(158,417	)		563,783		722,200		(112,250	)		609,950
Technology		138,000		(99,660	)		38,340		138,000		(76,662	)		61,338
Nonsolicitation agreement		28,000		(28,000	)		-		28,000		(28,000	)		-
Easements		486,850		-			486,850		466,360		-			466,360

Total	$	12,509,918	$	(4,905,055	)	$	7,604,863	$	12,805,913	$	(3,456,290	)	$	9,349,623

The future amortization associated with the intangible assets is as follows:

	June 30,
	2019		2020		2021		2022		2023		Thereafter		Total

Customer relationships	$	2,256,238	$	1,210,675	$	119,302	$	-	$	-	$	-	$	3,586,215
Permits, licenses, and lease acquisition costs		125,742		125,742		125,742		125,742		125,742		1,313,439		1,942,149
Site location		56,623		56,623		56,623		56,623		56,623		514,328		797,443
Noncompetition agreements		57,000		56,417		40,500		28,000		8,166		-		190,083
Trade names and trademarks		74,000		67,933		64,900		64,900		64,900		227,150		563,783
Technology		38,340		-		-		-		-		-		38,340

Total	$	2,607,943	$	1,517,390	$	407,067	$	275,265	$	255,431	$	2,054,917	$	7,118,013

Amortization expense for the

three

months ended

June 30, 2018

and

2017

was

$690,905

and

$422,673,

respectively. Amortization expense for the

six

months ended

June 30, 2018

and

2017

was

$1,451,240

and

$795,899,

respectively.

Future Amortization

The weighted average amortization period, in months, for intangible assets is as follows:

Customer relationships			17
Permits, licenses, and lease acquisition costs			185
Site location			169
Noncompetition agreements			40
Trade names and trademarks			67
Technology			10