XML 82 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets are comprised of the following:

 

        2019     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   2-10 years     1,788,699       1,202,832       585,867       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)     1,178,176       829,278       348,898       1,168,155       746,925       421,230  
          3,466,875       2,532,110       934,765       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 December 31, 2019, the weighted average remaining useful life of these assets in service was approximately 6.9 years.
Schedule of Estimated Future Amortization of Intangible Assets

Expected amortization for each of the five succeeding fiscal years is as follows:

 

Year   Amount  
2020     383,276  
2021     273,626  
2022     127,408  
2023     39,378  
2024     19,112