XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Long-Lived Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Long-Lived Intangible Assets | NOTE 5 – LONG-LIVED INTANGILE ASSETS Definite lived intangible assets related to acquisition are as follows, as of September 30, 2020:
|  | Expected Life |  | Remaining Months |  | Gross Intangible Assets |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Customer lists and relationships |  | 36 to 60 months |  | 13 to 35 months |  | $ | 2,084,515 |  |  | $ | (1,461,054 | ) |  | $ | 623,461 |
Drawings and Technology |  | 36 months |  | 0 months |  |  | 760,207 |  |  |  | (760,207 | ) |  |  | - |
Trade name, Trademarks & other |  | 24 to 36 months |  | 13 months |  |  | 447,274 |  |  |  | (328,282 | ) |  |  | 118,992 |
Non-compete |  | 36 months |  | 13 months |  |  | 246,797 |  |  |  | (163,093 | ) |  |  | 83,704 |
|  |  |  |  |  | $ | 3,538,793 |  |  | $ | (2,712,636 | ) |  | $ | 826,157 |
Definite lived intangibles assets related to acquisitions are as follows, as of December 31, 2019:
|  | Expected Life |  | Remaining Months |  | Gross Intangible Assets |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Customer lists and relationships |  | 36 to 60 months |  | 22 to 44 months |  | $ | 2,084,515 |  |  | $ | (1,109,681 | ) |  | $ | 974,834 |
Drawings and Technology |  | 36 months |  | 0 months |  |  | 760,207 |  |  |  | (760,207 | ) |  |  | - |
Trade name, Trademarks & other |  | 24 to 36 months |  | 8 to 22 months |  |  | 447,274 |  |  |  | (217,570 | ) |  |  | 229,704 |
Non-compete |  | 36 months |  | 22 months |  |  | 246,797 |  |  |  | (105,143 | ) |  |  | 141,654 |
|  |  |  |  |  | $ | 3,538,793 |  |  | $ | (2,192,601 | ) |  | $ | 1,346,192 |
As of September 30, 2020, amortization expense of the definite lived intangible assets for the years remaining is as follows:
2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | Total |
$ | 163,900 |  |  | $ | 556,872 |  |  | $ | 63,231 |  |  | $ | 42,154 |  |  | $ | 826,157 |
Amortization expense recognized during the three months ended September 30, 2020 and 2019 was $197,984 and $190,970, respectively, and $520,035 and $809,540 for the nine months ended September 30, 2020 and 2019, 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