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INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2020
Intangible Assets Net [Abstract]  
INTANGIBLE ASSETS, NET

7. INTANGIBLE ASSETS, NET

 

At June 30, 2020 and December 31, 2019 intangible assets consist of:

 

  June 30,   December 31,
  2020   2019
Trade name and trademark $                1,039,307   $          1,039,307
Customer list 2,402,054   2,406,434
Domain name and other intangible assets 639,957   641,809
  4,081,318   4,087,550
Accumulated depreciation and amortization (1,046,873)   (880,562)
Intangible assets, net $                3,034,445   $          3,206,988

  

The Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives.

 

Amortization expense was $83,412 and $166,697, respectively, for the three and six months ended June 30, 2020 and $137,047 and $299,462, respectively, for the three and six months ended June 30, 2019