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Goodwill and Intangible Asset Disclosure (Tables)

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

Goodwill activity for the year ended December 31, 2019 and December 31, 2018 consisted of the following:

		2019				2018
Balance at beginning of year		$	21,476,000			$	2,403,000
Additions		—				21,476,000
Impairment		(4,100,000		)		(2,403,000		)
Balance at end of year		$	17,376,000			$	21,476,000

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Intangible assets at December 31, 2019 were comprised of the following:

Definite-lived Intangible Assets		Amortization Period		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Trade Name		25 Years		$	250,000			$	(48,000	)		$	202,000
Trademarks		10 Years		1,610,000				(315,000		)		1,295,000
Non-competition Agreement		5 Years		1,810,000				(709,000		)		1,101,000
Developed Technology		7 Years		4,420,000				(1,237,000		)		3,183,000
Customer Relationships		10-12 Years		9,330,000				(1,647,000		)		7,683,000
Total				$	17,420,000			$	(3,956,000	)		$	13,464,000

Intangible assets at December 31, 2018 were comprised of the following:

Definite-lived Intangible Assets		Amortization Period		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Trade Name		25 Years		$	250,000			$	(38,000	)		$	212,000
Trademarks		10 Years		1,610,000				(154,000		)		1,456,000
Non-competition Agreement		5 Years		1,810,000				(347,000		)		1,463,000
Developed Technology		7 Years		4,420,000				(605,000		)		3,815,000
Customer Relationships		10-12 Years		9,330,000				(863,000		)		8,467,000
Total				$	17,420,000			$	(2,007,000	)		$	15,413,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

As of December 31, 2019, future intangible amortization were as follows:

	Amortization Expense
2020	$	1,949,000
2021	1,949,000
2022	1,949,000
2023	1,602,000
2024	1,587,000
2025 and thereafter	4,428,000
Total intangibles as of December 31, 2019	13,464,000

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Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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