XML 32 R16.htm IDEA: XBRL DOCUMENT

Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 8 – INTANGIBLE ASSETS

		As of				As of
		December 31, 2017				December 31, 2016

Trademarks		$	6,186			$	5,127
Customer Lists and order backlog			703,037				624,500
			709,223				629,627
Less: Accumulated amortization			(293,231	)			(157,307	)
Less: Impairment			(164,337	)			-
Total		$	251,655			$	472,320

Amortization expense for the years ended December 31, 2017 and 2016 were $135,925 and $121,862, respectively.

At December 31, 2017, the Company’s management determined that an impairment indicator was present for intangible assets acquired from BSHL and Yabez (Hong Kong) Company Limited. Based on the results of managements impairment analysis, it was determined that customer lists of $96,250 and order backlog of $68,087 were impaired, resulting in an impairment charge of $164,337. At December 31, 2016, there were no impairments of intangible assets recorded.

Amortization for each of the five years and thereafter following December 31, 2017 are as follows:

Year ending December 31:
2018		$	90,000
2019			90,000
2020			69,055
Thereafter			2,600

Total		$	251,655