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Intangible Assets | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2020 | Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |  |
INTANGIBLE ASSETS | NOTE 4 – INTANGIBLE ASSETS Intangible assets, net, consist of the following as of:
|  | March 31, 2020 |  | December 31, 2019
Merchant Portfolios |  | $ | 2,190,000 |  |  | $ | 2,190,000 |
Less Accumulated Amortization |  |  | (932,976 | ) |  |  | (854,761 | )
Net residual portfolios |  | $ | 1,257,024 |  |  | $ | 1,335,239 |
|  | March 31, 2020 |  | December 31, 2019
Trade name |  | $ | 2,500,000 |  |  | $ | 2,500,000 |
Less Accumulated Amortization |  |  | (625,000 | ) |  |  | (500,000 | )
Net trade name |  | $ | 1,875,000 |  |  | $ | 2,000,000 |
Amortization expense for the three months ended March 31, 2020 and 2019 was $203,214 and $227,647, respectively. The Company’s merchant portfolios and tradename are being amortized over respective useful lives of 7 and 5 years. The following sets forth the estimated amortization expense related to amortizing intangible assets for the years ended December 31:
2020 (remainder of year) |  | $ | 609,643
2021 |  | $ | 812,857
2022 |  | $ | 812,857
2023 |  | $ | 479,524
2024 |  | $ | 312,857
Thereafter |  | $ | 104,287
Total |  | $ | 3,132,025
The weighted average remaining useful life of amortizing intangible assets was 4.75 years at March 31, 2020. | NOTE 5 — INTANGIBLE ASSETS Other assets consist of the following as of:
|  | December 31 |
|  | 2019 |  |  | 2018 |
Merchant Portfolios |  | $ | 2,190,000 |  |  | $ | 2,190,000 |
Less Accumulated Amortization |  |  | (854,761 | ) |  |  | (208,571 | )
Net residual portfolios |  | $ | 1,335,239 |  |  | $ | 1,981,429 |
|  | December 31 |
|  | 2019 |  |  | 2018 |
Trade name |  | $ | 2,500,000 |  |  | $ | 2,500,000 |
Less Accumulated Amortization |  |  | (500,000 | ) |  |  | (333,333 | )
Net trade name |  | $ | 2,000,000 |  |  | $ | 2,166,667 |
Amortization expense amounted to $812,857 and $541,904 for the years ended December 31, 2019 and 2018. The predecessor’s amortization expense for the period from January 1, 2018 to April 8, 2018 was $90,739. The Company’s merchant portfolios and tradename are being amortized over respective useful lives of 7 and 5 years. The following sets forth the estimated amortization expense related to amortizing intangible assets for the years ended December 31:
2020 |  | $ | 812,857 |
2021 |  | $ | 812,857 |
2022 |  | $ | 812,857 |
2023 |  | $ | 479,524 |
2024 |  | $ | 312,857 |
Thereafter |  | $ | 104,287 |
Total |  | $ | 3,335,239 |
The weighted average remaining useful life of amortizing intangible assets was 5 years at December 31, 2019.

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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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