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INTANGIBLE ASSETS, NET | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | 8. INTANGIBLE ASSETS, NET At December 31, 2020 and 2019 intangible assets consist of:
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Trade name and trademark |  | $ | 1,551,197 |  |  | $ | 1,039,307 |
Customer relationships |  |  | 3,441,654 |  |  |  | 2,406,434 |
Domain name and other intangible assets |  |  | 689,920 |  |  |  | 641,809 |
|  |  | 5,682,771 |  |  |  | 4,087,550 |
Accumulated depreciation and amortization |  |  | (1,292,383 | ) |  |  | (880,562 | )
Intangible assets, net |  | $ | 4,390,388 |  |  | $ | 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 $335,776 and $502,656, respectively, for the years ended December 31, 2020 and 2019. The customer relationships are subject to amortization over their estimated useful lives, which range between 3 and 14 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.
2021 |  |  | $ | 369,790 |
2022 |  |  |  | 318,793 |
2023 |  |  |  | 318,793 |
2024 |  |  |  | 318,793 |
2025 |  |  |  | 318,793 |
Thereafter |  |  |  | 1,194,229 |
|  |  | $ | 2,839,191

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- Definition The entire disclosure for all or part of the information related to 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
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