XML 54 R9.htm IDEA: XBRL DOCUMENT v3.20.1

Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 3 – INTANGIBLE ASSETS

As of March 31, 2020, the Company has the following amounts related to intangible assets:

		Gross Carrying Amount				Accumulated Amortization
Amortizable intangible assets
Customer relationship asset		$	1,006,840			$	(615,291	)
Indefinite lived intangible assets
Purchased licenses			200,000				0
		$	1,206,840			$	(615,291	)

As of December 31, 2019 the Company has the following amounts related to intangible assets:

		Gross Carrying Amount				Accumulated Amortization
Amortizable intangible assets:
Customer relationship asset		$	1,006,840			$	(531,388	)
Indefinite lived intangible assets:
Purchased licenses			200,000				-
		$	1,206,840			$	(531,388	)

The aggregate amortization expense of the Company’s intangible assets for the three months ended March 31, 2020 and 2019 was approximately $83,903 and $83,903, respectively. Estimated amortization expense for 2020 and 2021 is approximately $336,000 and $140,000, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

+ Details

Name:	us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration