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INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

10. INTANGIBLE ASSETS, NET

 

At March 31, 2021 and December 31, 2020 intangible assets consist of:

 

    March 31, 2021     December 31, 2020  
Trade name and trademark   $ 1,555,571     $ 1,551,197  
Customer list     3,391,272       3,441,654  
Domain name and other intangible assets     665,295       689,920  
      5,612,138       5,682,771  
Accumulated depreciation and amortization     (1,371,718 )     (1,292,383 )
Intangible assets, net   $ 4,240,420     $ 4,390,388  

 

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 $104,000 and $83,000, respectively, for the three months ended March 31, 2021 and 2020.