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Intangible Assets
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

 

As of June 30, 2019 the Company has the following amounts related to intangible assets:

 

   Gross Carrying Amount   Accumulated Amortization 
Amortizable of intangible assets        
Customer relationship asset  $1,006,840   $(363,582)
Indefinite lived intangible assets          
Purchased licenses   200,000    - 
   $1,206,840   $(363,582)

 

For the three months ended June 30, 2019, the Company recognized amortization expense of approximately $162,009.

 

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   $(195,775)