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Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets |
6 | INTANGIBLE ASSETS
Property and equipment stated at cost, less accumulated depreciation, consisted of the following:
|  | December 31, 2020 |  |  | December 31, 2019 |
ECS Membership agreement |  | $ | 465,000 |  |  | $ | - |
Customer relationships |  |  | 183,255 |  |  |  | 183,255 |
Noncompetition agreement |  |  | 201,389 |  |  |  | 201,389 |
Trade names |  |  | 617,474 |  |  |  | 617,474 |
Proprietary software |  |  | 4,286,403 |  |  |  | 4,286,402 |
|  |  | 5,753,521 |  |  |  | 5,288,520 |
Less: Accumulated Depreciation |  |  | (1,627,779 | ) |  |  | (519,403 | )
|  | $ | 4,125,742 |  |  | $ | 4,769,117 |
Amortization expense of intangible assets for the years ended December 31, 2020 and 2019 total $1,108,375 and $200,028, respectively. As of December 31, 2020, the weighted average remaining useful lives of these assets were 6.80 years. The carrying amount of goodwill was $866,782 at December 31, 2020 and 2019. There were no changes in the carrying amount of goodwill during the period. No impairment in the carrying amount of goodwill was recognized during the years ended December 31, 2020 and 2019.

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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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