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Intangible Assets
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

As of December 31, 2018 the Company has the following amounts related to intangible assets:

 

   Gross Carrying Amount   Accumulated Amortization 
Amortizable intangible assets          
Customer relationship asset  $1,006,840   $(195,775)
Indefinite lived intangible assets          
Purchased licenses   200,000    - 
   $1,206,840   $(1195,775)

 

The aggregate amortization expense of the Company's intangible assets for the years ending December 31, 2018 and 2017, was $195,775 and $0, respectively. Estimated amortization expense for 2019, 2020 and 2021 is approximately $336,000, $336,000, and $140,000, respectively.