On July 17, 2017, JK Environmental Services, LLC, (“JK”) an entity wholly owned by CDS Capital Management, L.C., a subsidiary of the Company, purchased all of the business assets of Monridge Environmental, LLC for $2.3 million. JK has its principal office located in Conshohocken, Pennsylvania, and operates in Maryland, Pennsylvania, New Jersey, and Delaware. JK operates as an environmental services company, providing consulting, remediation, and other environmental services.

The table below summarizes the purchase price allocation based on the estimated fair value of net assets acquired at the date of acquisition.

ASSETS
Net Working Capital	$	141
Fixed Assets		180
Intangible Assets		268
Goodwill		1,702
Total Purchase Price	$	2,291

Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed, and it is not deductible for income tax purposes. As of the acquisition date, goodwill consisted primarily of synergies resulting from the combination, expected expanded opportunities for growth and production, and savings in corporate overhead costs.

Intangible assets include customer relationships which has an amortization period of four years. During the years ended December 31, 2018 and 2017, $67,000 and $31,000 of intangible asset amortization, respectively, was recorded in General and Administrative expense on the Consolidated Statement of Operations.

	December 31, 2018
Intangibles	$	268

Less : accumulated amortization		(98	)
	$	170

As of December 31, 2018, the future estimated amortization expense related to these intangible assets was:

	Amortization Expense
2019	$	67
2020		67
2021		36
Total	$	170