XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

At September 30, 2021, intangible assets consisted of the following:

 

   Estimated      Accumulated     
   Useful Life  Costs   Amortization   Net 
Trade names  10 years  $119,000   $(18,842)  $100,158 
Customer contracts  5-8 years   1,242,000    (319,543)   922,457 
      $1,361,000   $(338,385)  $1,022,615 

 

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 
Schedule of Amortization Expense for Intangible Assets

 

For the Twelve Months Ending September 30,  Amount 
2022  $216,475 
2023   216,475 
2024   216,475 
2025   205,558 
2026   98,108 
Thereafter   69,524 
Intangible assets   $1,022,615