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Intangible Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | At March 31, 2020, intangible assets consisted of the following:
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Cost |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 119,000 |  |  | $ | (992 | ) |  | $ | 118,008 |
Customer contracts |  | 6-8 years |  |  | 1,111,000 |  |  |  | (14,865 | ) |  |  | 1,096,135 |
|  |  |  | $ | 1,230,000 |  |  | $ | (15,856 | ) |  | $ | 1,214,144 |
Schedule of Amortization Expense for Intangible Assets | Amortization expense for the period from inception, March 2, 2020, through March 31, 2020, was $15,856. The following table represents future amortization expense for intangible assets subject to amortization.
For the Three Months Ending March 31, |  |  | Amount |
2021 |  |  | $ | 190,275 |
2022 |  |  |  | 190,275 |
2023 |  |  |  | 190,275 |
2024 |  |  |  | 190,275 |
2025 |  |  |  | 190,275 |
Thereafter |  |  |  | 262,769 |
|  |  | $ | 1,214,144 |

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