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Intangibles Assets (Tables)
12 Months Ended
Dec. 31, 2020
Intangibles Assets  
Schedule of components of intangible assets and their useful lives, accumulated amortization, and net carrying value

 

 

 

 

 

December 31, 2020

 

 

December 31, 2019

 

 

 

Useful

 

 

Gross

 

 

 

 

Net

 

 

Gross

 

 

 

 

Net

 

 

 

Life

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

(in yrs)

 

 

Value

 

 

Amortization

 

 

Amount

 

 

Value

 

 

Amortization

 

 

Amount

 

Insurance license

 

 

-

 

 

$500,000

 

 

$-

 

 

$500,000

 

 

$500,000

 

 

$-

 

 

$500,000

 

Customer relationships

 

 

10

 

 

 

3,400,000

 

 

 

3,400,000

 

 

 

-

 

 

 

3,400,000

 

 

 

3,400,000

 

 

 

-

 

Other identifiable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

intangibles

 

 

7

 

 

 

950,000

 

 

 

950,000

 

 

 

-

 

 

 

950,000

 

 

 

950,000

 

 

 

-

 

Total

 

 

 

 

 

$4,850,000

 

 

$4,350,000

 

 

$500,000

 

 

$4,850,000

 

 

$4,350,000

 

 

$500,000