XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.19.2

Intangible Assets, Net (Other Than Goodwill) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2019 | Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |  |
INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) | NOTE 4 – INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) The Company's intangible assets consist of intellectual property acquired from MultiPay and FIN and are amortized over their estimated useful lives as indicated below. The following is a summary of activity related to intangible assets for the three months ended March 31, 2019:
|  |  |  |  | Acquired and |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Customer |  |  | Developed |  |  | Intellectual |  |  |  |  |  | Patents |  |  |  |
|  | Relationships |  |  | Software |  |  | Property |  |  | Non-Compete |  |  | Pending |  |  | Total |
Useful Lives |  |  | 10 Years |  |  |  | 5 Years |  |  |  | 10 Years |  |  |  | 10 Years |  |  |  | N/A |  |  |  |  |
Carrying Value at December 31, 2018 |  | $ | 1,128,734 |  |  | $ | 908,893 |  |  | $ | 1,191,942 |  |  | $ | 2,433 |  |  | $ | 78,182 |  |  | $ | 3,310,184 |
Additions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 597 |  |  |  | 597 |
Amortization |  |  | (39,679 | ) |  |  | (57,327 | ) |  |  | (43,432 | ) |  |  | (609 | ) |  |  | — |  |  |  | (141,047 | )
Carrying Value at March 31, 2019 |  | $ | 1,089,055 |  |  | $ | 851,566 |  |  | $ | 1,148,510 |  |  | $ | 1,824 |  |  | $ | 78,779 |  |  | $ | 3,169,734 |
The following is a summary of intangible assets as of March 31, 2019:
|  |  |  |  | Acquired and |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Customer |  |  | Developed |  |  | Intellectual |  |  |  |  |  | Patents |  |  |  |
|  | Relationships |  |  | Software |  |  | Property |  |  | Non-Compete |  |  | Pending |  |  | Total |
Cost |  | $ | 1,587,159 |  |  | $ | 959,882 |  |  | $ | 1,759,809 |  |  | $ | 14,087 |  |  | $ | 78,779 |  |  | $ | 4,399,716 |
Accumulated amortization |  |  | (498,104 | ) |  |  | (108,316 | ) |  |  | (611,299 | ) |  |  | (12,263 | ) |  |  | — |  |  |  | (1,229,982 | )
Carrying Value at March 31, 2019 |  | $ | 1,089,055 |  |  | $ | 851,566 |  |  | $ | 1,148,510 |  |  | $ | 1,824 |  |  | $ | 78,779 |  |  | $ | 3,169,734 |
Future expected amortization of intangible assets is as follows:
Fiscal Year Ending December 31, |  |  |
Remainder of 2019 |  | $ | 423,939 |
2020 |  |  | 562,554 |
2021 |  |  | 562,554 |
2022 |  |  | 469,220 |
2023 |  |  | 418,232 |
Thereafter |  |  | 733,235 |
|  | $ | 3,169,734 |
| NOTE 4 – INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) The Company’s intangible assets consist of intellectual property acquired from Multi-Pay and FIN in addition to internally developed software that have been placed into service. They are amortized over their estimated useful lives as indicated below. The following is a summary of activity related to intangible assets for the years ended December 31, 2018 and 2017:
|  | Customer Relationships |  |  | Acquired and Developed Software |  |  | Intellectual Property |  |  | Non-Compete |  |  | Patents Pending |  |  | Total |
Useful Lives |  |  | 10 Years |  |  |  | 5 Years |  |  |  | 10 Years |  |  |  | 10 Years |  |  |  | N/A |  |  |  |  |
Carrying Value at December 31, 2016 |  | $ | 1,446,166 |  |  | $ | — |  |  | $ | 2,000,858 |  |  | $ | 8,067 |  |  | $ | 19,200 |  |  | $ | 3,474,291 |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,246 |  |  |  | 9,246 |
Write off of assets |  |  | — |  |  |  | — |  |  |  | (212,862 | ) |  |  | — |  |  |  | — |  |  |  | (212,862 | )
Amortization |  |  | (158,716 | ) |  |  | — |  |  |  | (231,062 | ) |  |  | (2,817 | ) |  |  | — |  |  |  | (392,595 | )
Carrying Value at December 31, 2017 |  |  | 1,287,450 |  |  |  | — |  |  |  | 1,556,934 |  |  |  | 5,250 |  |  |  | 28,446 |  |  |  | 2,878,080 |
Additions |  |  | — |  |  |  | 959,882 |  |  |  | — |  |  |  | — |  |  |  | 49,736 |  |  |  | 1,009,618 |
Write off of assets |  |  | — |  |  |  | — |  |  |  | (148,627 | ) |  |  | — |  |  |  | — |  |  |  | (148,627 | )
Amortization |  |  | (158,716 | ) |  |  | (50,989 | ) |  |  | (216,365 | ) |  |  | (2,817 | ) |  |  | — |  |  |  | (428,887 | )
Carrying Value at December 31, 2018 |  | $ | 1,128,734 |  |  | $ | 908,893 |  |  | $ | 1,191,942 |  |  | $ | 2,433 |  |  | $ | 78,182 |  |  | $ | 3,310,184 |
The following is a summary of intangible assets as of December 31, 2017:
|  | Customer Relationships |  |  | Acquired and Developed Software |  |  | Intellectual Property |  |  | Non-Compete |  |  | Patents Pending |  |  | Total |
Cost |  | $ | 1,587,159 |  |  | $ | — |  |  | $ | 2,146,561 |  |  | $ | 14,087 |  |  | $ | 28,446 |  |  | $ | 3,776,253 |
Accumulated amortization |  |  | (299,709 | ) |  |  | — |  |  |  | (589,627 | ) |  |  | (8,837 | ) |  |  | — |  |  |  | (898,173 | )
Carrying Value at December 31, 2017 |  | $ | 1,287,450 |  |  | $ | — |  |  | $ | 1,556,934 |  |  | $ | 5,250 |  |  | $ | 28,446 |  |  | $ | 2,878,080 |
The following is a summary of intangible assets as of December 31, 2018:
|  | Customer Relationships |  |  | Acquired and Developed Software |  |  | Intellectual Property |  |  | Non-Compete |  |  | Patents Pending |  |  | Total |
Cost |  | $ | 1,587,159 |  |  | $ | 959,882 |  |  | $ | 1,759,809 |  |  | $ | 14,087 |  |  | $ | 78,182 |  |  | $ | 4,399,119 |
Accumulated amortization |  |  | (458,425 | ) |  |  | (50,989 | ) |  |  | (567,867 | ) |  |  | (11,654 | ) |  |  | — |  |  |  | (1,088,935 | )
Carrying Value at December 31, 2018 |  | $ | 1,128,734 |  |  | $ | 908,893 |  |  | $ | 1,191,942 |  |  | $ | 2,433 |  |  | $ | 78,182 |  |  | $ | 3,310,184 |
The following is the future amortization of intangible assets for the year ended December 31:
2019 |  | $ | 564,987 |
2020 |  |  | 562,554 |
2021 |  |  | 562,554 |
2022 |  |  | 469,220 |
2023 |  |  | 418,232 |
Thereafter |  |  | 732,637 |
|  | $ | 3,310,184 |

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 goodwill and 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_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration