XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Intangible Assets, Net | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 6. Intangible Assets, Net At June 30, 2021, intangible assets consisted of the following: Schedule of Intangible Assets
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 119,000 |  |  | $ | (15,867 | ) |  | $ | 103,133 |
Customer contracts |  | 5-8 years |  |  | 1,242,000 |  |  |  | (268,400 | ) |  |  | 973,600 |
|  |  |  | $ | 1,361,000 |  |  | $ | (284,267 | ) |  | $ | 1,076,733 |
At December 31, 2020, intangible assets consisted of the following:
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 119,000 |  |  | $ | (9,917 | ) |  | $ | 109,083 |
Customer contracts |  | 5-8 years |  |  | 1,242,000 |  |  |  | (166,112 | ) |  |  | 1,075,888 |
|  |  |  | $ | 1,361,000 |  |  | $ | (176,029 | ) |  | $ | 1,184,971 |
Amortization expense for the three and six months ended June 30, 2021 and June 30, 2020, amounted to $54,119 and $108,238, respectively, and $51,936 and $67,792, respectively. The following table represents future amortization expense for intangible assets subject to amortization. Schedule of Amortization Expense for Intangible Assets
For the Twelve Months Ending June 30, |  | Amount |
2022 |  | $ | 216,475 |
2023 |  |  | 216,475 |
2024 |  |  | 216,475 |
2025 |  |  | 212,108 |
2026 |  |  | 137,608 |
Thereafter |  |  | 77,592 |
Intangible assets |  | $ | 1,076,733 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration