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Intangible and Other Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible and Other Assets | Note 6 – Intangible and Other Assets The following table summarizes our intangible assets as of:
|  | December 31, |  |  | December 31, |  |  | Estimated
|  | 2019 |  |  | 2018 |  |  | Useful Life
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |
Tradenames and trademarks |  | $ | 417,307 |  |  | $ | 417,307 |  |  | 2.5 - 8.0 years
Accreditations |  |  | 85,395 |  |  |  | 85,395 |  |  | 5.0 years
Customer relationships |  |  | 3,350,551 |  |  |  | 3,350,551 |  |  | 3.0 - 15.0 years
Patents |  |  | 970,100 |  |  |  | 970,100 |  |  | 4.0 years
Non-compete agreements |  |  | 121,000 |  |  |  | 121,000 |  |  | 5.0 years
|  |  | 4,944,353 |  |  |  | 4,944,353 |  |  |
Less accumulated amortization |  |  | 2,181,984 |  |  |  | 1,577,558 |  |  |
|  |  | 2,762,369 |  |  |  | 3,366,795 |  |  |
Tradenames/trademarks (not subject to amortization) |  |  | 465,000 |  |  |  | 465,000 |  |  |
|  |  | 3,227,369 |  |  |  | 3,831,795 |  |  |
Other assets |  |  | 20,326 |  |  |  | 20,326 |  |  |
Intangible and other assets: |  | $ | 3,247,695 |  |  | $ | 3,852,121 |  |  |
We reviewed our long-lived assets for indicators of impairment in 2019 and 2018 and concluded in each year that no impairments exist. Amortization expense for the years ended December 31, 2019 and 2018 was approximately $604,400 and $570,100, respectively. As of December 31, 2019, future scheduled amortization of intangible assets is as follows:
Fiscal year ending December 31: |
2020 |  |  |  | 579,925 |
2021 |  |  |  | 330,666 |
2022 |  |  |  | 318,106 |
2023 |  |  |  | 277,636 |
2024 |  |  |  | 266,403 |
Thereafter |  |  |  | 989,634 |
|  |  | $ | 2,762,370 |
Beneficial Lease Arrangement In connection with our acquisition of ICS in 2012, we recorded a beneficial lease arrangement of $120,200 related to a 2,300-square foot building located on approximately ¾ acre in Medina, North Dakota. On January 12, 2018, the Company purchased the 2,300-square foot building and terminated the lease. The net book value of the beneficial lease arrangement at December 31, 2017 was approximately $56,500 and was fully amortized in January 2018.

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- 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
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