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Intangible Assets, Net

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

7. Intangible Assets, Net

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

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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- References

No definition available.

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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

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