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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |  |
Schedule of Impairment of Goodwill |
|  | Goodwill |
December 31, 2018 |  | $ | 1,705,548 |
Goodwill recognized in connection with acquisition on April 1, 2019 |  |  | 1,217,790 |
Goodwill recognized in connection with acquisition on May 1, 2019 |  |  | 1,269,731 |
Goodwill recognized in connection with acquisition on September 1, 2019 |  |  | 4,949,329 |
Impairment of goodwill |  |  | (593,790 | )
December 31, 2019 |  | $ | 8,548,608 |
Goodwill recognized in connection with acquisition on August 17, 2020 |  | $ | 716,462 |
September 30, 2020 |  | $ | 9,265,070 |
Reporting Unit |  | EBS & USBA |  |  | CCS |  |  | SWMT |  |  | FIS |  |  | ABC |  |  | Total |
Balance, August 1, 2018 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Transfer from Holdings |  |  | 853,796 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 853,796 |
CCS Acquisition |  |  |  |  |  |  | 851,752 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 851,752 |
Impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | $ | 853,796 |  |  |  | 851,752 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,705,548 |
Transfer from Holdings |  |  |  |  |  |  |  |  |  |  | 1,217,790 |  |  |  | 1,269,731 |  |  |  |  |  |  |  | 2,487,521 |
ABC transaction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,949,329 |  |  |  | 4,949,329 |
Impairment |  |  |  |  |  |  | (593,790 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (593,790 | )
Balance December 31, 2019 |  | $ | 853,796 |  |  | $ | 257,962 |  |  | $ | 1,217,790 |  |  | $ | 1,269,731 |  |  | $ | 4,949,329 |  |  | $ | 8,548,608 |
Schedule of Intangible Assets and Weighted-Average Remaining Amortization Period | The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of September 30, 2020:
|  | Weighted Average Remaining Amortization period (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks |  |  | 3.7 |  |  | $ | 1,087,760 |  |  | $ | (253,514 | ) |  | $ | 834,246 |
Customer relationships |  |  | 8.6 |  |  |  | 3,686,290 |  |  |  | (531,395 | ) |  |  | 3,154,895 |
Non-competition agreements |  |  | 3.7 |  |  |  | 2,677,010 |  |  |  | (700,743 | ) |  |  | 1,976,267 |
|  |  |  |  |  | $ | 7,451,060 |  |  | $ | (1,485,652 | ) |  | $ | 5,965,408 |
The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2019:
|  | Weighted Average Remaining Amortization period (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks |  |  | 4.3 |  |  | $ | 1,052,160 |  |  | $ | (96,258 | ) |  | $ | 955,902 |
Customer relationships |  |  | 9.4 |  |  |  | 3,586,290 |  |  |  | (257,529 | ) |  |  | 3,328,761 |
Non-competition agreements |  |  | 4.4 |  |  |  | 2,651,510 |  |  |  | (302,589 | ) |  |  | 2,348,921 |
|  |  |  |  |  | $ | 7,289,960 |  |  | $ | (656,376 | ) |  | $ | 6,633,584 |
| The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2019:
|  | Weighted Average Remaining Amortization period (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks |  |  | 4.3 |  |  | $ | 1,052,160 |  |  | $ | (96,258 | ) |  | $ | 955,902 |
Customer relationships |  |  | 9.4 |  |  |  | 3,586,290 |  |  |  | (257,529 | ) |  |  | 3,328,761 |
Non-competition agreements |  |  | 4.4 |  |  |  | 2,651,510 |  |  |  | (302,589 | ) |  |  | 2,348,921 |
|  |  |  |  |  | $ | 7,289,960 |  |  | $ | (656,376 | ) |  | $ | 6,633,584 |
The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2018:
|  | Weighted Average Remaining Amortization period (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade name and trademarks |  |  | 14.0 |  |  | $ | 48,160 |  |  | $ | (1,951 | ) |  | $ | 46,209 |
Customer relationships |  |  | 10.1 |  |  |  | 448,290 |  |  |  | (12,680 | ) |  |  | 435,610 |
Non-competition agreements |  |  | 4.7 |  |  |  | 130,910 |  |  |  | (8,240 | ) |  |  | 122,670 |
|  |  |  |  |  | $ | 627,360 |  |  | $ | (22,871 | ) |  | $ | 604,489 |
Schedule of Amortization Expense of Acquired Intangibles Assets | The amortization expense of acquired intangible assets for each of the following five years and thereafter are expected to be as follows:
Years ending September 30, |  | Amortization Expense |
2020 (remaining three months) |  | $ | 277,023 |
2021 |  |  | 1,114,107 |
2022 |  |  | 1,112,840 |
2023 |  |  | 1,104,594 |
2024 |  |  | 735,247 |
Thereafter |  |  | 1,621,597 |
Total |  | $ | 5,965,408 |
| The amortization expense of acquired intangible assets for each of the following five years are expected to be as follows:
Years ending December 31, |  | Amortization Expense |
2020 |  | $ | 1,096,692 |
2021 |  |  | 1,091,887 |
2022 |  |  | 1,090,620 |
2023 |  |  | 1,082,374 |
2024 |  |  | 710,052 |
Thereafter |  |  | 1,561,959 |
Total |  | $ | 6,633,584 |

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