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Intangible Assets (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangible assets, net

    September 30,
2019		   December 31,
2018
Merchant Portfolios   $ 2,190,000     $ 2,190,000  
Less Accumulated Amortization     (443,547 )     (208,571 )
Net residual portfolios   $ 1,746,453     $ 1,981,429  

 

    September 30,
2019		   December 31,
2018
Trade name   $ 2,500,000     $ 2,500,000  
Less Accumulated Amortization     (708,000 )     (333,333 )
Net trade name   $ 1,792,000     $ 2,166,667  

Amortization expense for the three and nine months ended September 30, 2019 was $203,214 and $609,643, respectively.

Amortization expense for the three and nine months ended September 30, 2018 was $227,676 and $455,353, respectively.

The Company’s merchant portfolios and tradename are being amortized over respective useful lives of 7 and 5 years.

   December 31   December 31, 2017 
   2018   2017   Predecessor 
Merchant Portfolios  $2,190,000   $-   $2,540,690 
Less Accumulated Amortization   (208,571)   -    

(756,158

)
Net residual portfolios  $1,981,429   $-   $1,784,532 

 

   December 31   December 31, 2017 
   2018   2017   Predecessor 
Trade name  $2,500,000   $-   $      - 
Less Accumulated Amortization   (333,333)   -    - 
Net trade name  $2,166,667   $-   $- 
Schedule of estimated amortization expense related to amortizing intangible assets
2019 (remainder of year)   $ 203,214
2020   $ 812,857
2021   $ 812,857
2022   $ 812,857
2023   $ 479,524
Thereafter   $ 417,144
Total   $ 3,538,453

The following sets forth the estimated amortization expense related to amortizing intangible assets for the years ended December 31:

 

2019  $812,857 
2020  $812,857 
2021  $812,857 
2022  $812,857 
2023  $479,524 
Thereafter  $417,144