XML 34 R11.htm IDEA: XBRL DOCUMENT
v3.19.3

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 5. Intangible Assets Intangible assets are comprised of the following:
|  |  |  | September 30, 2019 |  |  | December 31, 2018 |
|  | Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Acquired intangibles - customer lists, licenses and non-compete agreements |  | 3-10 years |  |  | 1,778,848 |  |  |  | 1,097,787 |  |  |  | 681,061 |  |  |  | 1,284,065 |  |  |  | 823,884 |  |  |  | 460,181 |
Acquired intangibles - patents and patent rights |  |  |  |  | 500,000 |  |  |  | 500,000 |  |  |  | - |  |  |  | 500,000 |  |  |  | 500,000 |  |  |  | - |
Patent application costs |  | Varied (1) |  |  | 1,175,971 |  |  |  | 808,529 |  |  |  | 367,442 |  |  |  | 1,168,155 |  |  |  | 746,925 |  |  |  | 421,230 |
|  |  |  | $ | 3,454,819 |  |  | $ | 2,406,316 |  |  | $ | 1,048,503 |  |  | $ | 2,952,220 |  |  | $ | 2,070,809 |  |  | $ | 881,411 |
(1) Patent application costs are amortized over their expected useful life which is generally the remaining legal life of the patent. As of September 30, 2019, the weighted average remaining useful life of these assets in service was approximately 7 years. Amortization expense for the nine months ended September 30, 2019 amounted to $335,507($407,034 – September 30, 2018). On March 5, 2019, the Company paid $350,000 and issued 130,435 shares of the Company’s common stock valued at $144,783 in conjunction with the signing of a Master Distributor Agreement with Advanced Cyber Security Corp. (“ACS”) to for the Company to distribute ACS’s EndpointLockV™ cyber security software exclusively in thirteen countries in Asia and Australia, and non-exclusively, in the U.S. and Middle East. The aggregate cost of $494,783 of the agreement was recorded as an intangible asset to be amortized over the expected useful life of 36 months.

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 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
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration