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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets As a result of the January 1, 2019 American Stainless acquisition, the Company recognized $7,043,534 in Goodwill for the excess of consideration transferred over the fair value of the acquired net tangible and identifiable intangible assets. The Company also recorded a $10,000,000 intangible asset on a preliminary basis for the fair value of the customer relationships that were acquired, to be amortized on an accelerated basis over 15 years. The balance of intangible assets subject to amortization at March 31, 2019 and December 31, 2018 is as follows:
| March 31, 2019 |  |  | December 31, 2018 |
Intangible assets, gross | $ | 32,622,000 |  |  | $ | 22,622,000 |
Accumulated amortization of intangible assets | (13,849,639 | ) |  | (12,925,888 | )
Intangible assets, net | $ | 18,772,361 |  |  | $ | 9,696,112 |
Estimated amortization expense related to intangible assets for the next five years is as follows:
Remainder of 2019 | $ | 2,660,675 |
2020 | 3,296,195 |
2021 | 3,104,819 |
2022 | 2,790,361 |
2023 | 1,245,083 |
2024 | 1,083,974 |
Thereafter | 4,628,111 |

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- Definition The entire disclosure for goodwill and 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
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