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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The changes in the carrying amount of intangible assets for the year ended December 31, 2018 and 2017 were as follows:

		2018				2017
Balance at beginning of year		$	463,578			$	2,154,563
Deduction: Impairment charge			-				(1,375,422	)
Deduction: Amortization expense			(157,003	)			(315,563	)
Balance at end of year		$	306,575			$	463,578

Schedule of Intangible Assets and Goodwill

The following table sets forth the components of intangible assets as of December 31, 2018 and 2017:

						As of December 31, 2018
		Estimated				Adjusted
		Useful				Carrying				Accumulated
		Life				Amount				Amortization				Net
Trade name			2 years			$	286,590			$	(278,825	)		$	7,765
Patents and copyrights			2-17 years				954,915				(746,229	)			208,686
Non-contractual customer relationships			2-10 years				2,431,655				(2,341,531	)			90,124
						$	3,673,160			$	(3,366,585	)		$	306,575

		As of December 31, 2017
		Adjusted
		Carrying				Accumulated
		Amount				Amortization				Net
Trade name		$	339,590			$	(324,060	)		$	15,530
Patents and copyrights			954,915				(711,781	)			243,134
Non-contractual customer relationships			2,431,655				(2,226,741	)			204,914
		$	3,726,160			$	(3,262,582	)			463,578

Schedule of Finite-Lived Intangible Assets Amortization Expense

The following summarizes amortization of acquisition related intangible assets included in the statement of operations:

		Years Ended December 31,
		2018				2017
Cost of sales		$	129,496			$	236,651
General and administrative			27,507				78,912
		$	157,003			$	315,563

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The Company expects that amortization expense for the next five succeeding years will be as follows:

2019		$	132,336
2020		$	24,980
2021		$	24,980
2022		$	24,980
2023		$	24,980

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 1
-Subparagraph (a)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
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-Paragraph 2
-Subparagraph (a)
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