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Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

(6)	Intangible Assets

The following is a summary of the Company’s acquired intangible assets:

	As of December 31, 2018
	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Customer relationships		10	$	4,830,000	$	1,237,082	$	3,592,918
Developed technologies		9		1,080,000		274,528		805,472
Tradename		3		120,000		66,667		53,333
Non-compete agreement		3		67,000		67,000		—
Total intangible assets, net		10	$	6,097,000	$	1,645,277	$	4,451,723

	As of 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.

	Estimated Future Amortization
2019		655,052
2020		628,385
2021		597,701
2022		563,000
2023		563,000
Thereafter		1,444,585
Total	$	4,451,723

Amortization expense was $676,528, $581,386 and $373,350 for the years ended December 31, 2018, 2017 and 2016, respectively.