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Intangible Assets | 3 Months Ended
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Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 7. Intangible Assets The following is a summary of the Company’s acquired intangible assets:
|  | March 31, 2018 |
|  | Weighted Average Amortization Period (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Intangibles, Net |
Customer relationships |  |  | 10 |  |  | $ | 4,830,000 |  |  | $ | 874,832 |  |  | $ | 3,955,168 |
Developed technologies |  |  | 9 |  |  |  | 1,080,000 |  |  |  | 175,489 |  |  |  | 904,511 |
Tradename |  |  | 3 |  |  |  | 120,000 |  |  |  | 36,667 |  |  |  | 83,333 |
Non-compete agreement |  |  | 3 |  |  |  | 67,000 |  |  |  | 51,107 |  |  |  | 15,893 |
Total intangible assets, net |  |  | 10 |  |  | $ | 6,097,000 |  |  | $ | 1,138,095 |  |  | $ | 4,958,905 |
|  | December 31, 2017 |
|  | Weighted Average Amortization Period (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Intangibles, Net |
Customer relationships |  |  | 10 |  |  | $ | 4,830,000 |  |  | $ | 754,082 |  |  | $ | 4,075,918 |
Developed technologies |  |  | 9 |  |  |  | 1,080,000 |  |  |  | 142,477 |  |  |  | 937,523 |
Tradename |  |  | 3 |  |  |  | 120,000 |  |  |  | 26,667 |  |  |  | 93,333 |
Non-compete agreement |  |  | 3 |  |  |  | 67,000 |  |  |  | 45,523 |  |  |  | 21,477 |
Total intangible assets, net |  |  | 10 |  |  | $ | 6,097,000 |  |  | $ | 968,749 |  |  | $ | 5,128,251 |
The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $169,346 and $97,346 for the three months ended March 31, 2018 and 2017, respectively.
|  | Estimated Future Amortization |
2018 (remaining nine months) |  | $ | 507,182 |
2019 |  |  | 655,052 |
2020 |  |  | 627,667 |
2021 |  |  | 598,420 |
2022 |  |  | 563,000 |
Thereafter |  |  | 2,007,584 |
Total |  | $ | 4,958,905 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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