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GOODWILL & INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL & INTANGIBLE ASSETS | NOTE 6 – GOODWILL & INTANGIBLE ASSETS Goodwill The Company recorded goodwill in conjunction with the initial acquisition of Impact Engineering, Inc. (“Impact”) on March 7, 2019 and 2WR Colorado, Inc, 2WR Georgia, Inc. and MJ12 Design Studio, Inc. on July 30, 2021. The goodwill balance as of September 30, 2021 and December 31, 2020 is $8,893,047 and 902,067, respectively. Goodwill is not amortized. There is no goodwill for income tax purposes. The Company did not record any impairment charges related to goodwill for the periods ended September 30, 2021 and 2020. Intangible Assets Other Than Goodwill Finite-lived intangible assets as of September 30, 2021 and December 31, 2020 consisted of the following: SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS
|  | September 30, 2021 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net Book Value |
Customer relationships |  |  | 834,000 |  |  |  | 18,905 |  |  |  | 815,095 |
Trademarks and trade names |  |  | 499,000 |  |  |  | 14,333 |  |  |  | 484,667 |
Backlog and Other |  |  | 519,004 |  |  |  | 72,979 |  |  |  | 446,025 |
|  |  | 1,852,004 |  |  |  | 106,217 |  |  |  | 1,745,787 |
|  | December 31, 2020 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net Book Value |
Other |  |  | 89,004 |  |  |  | 4,490 |  |  |  | 84,514 |
|  |  | 89,004 |  |  |  | 4,490 |  |  |  | 84,514 |
Amortization expense for intangible assets for the nine months ended September 30, 2021 and 2020 was $101,727 and $1,228, respectively. Amortization expense for intangible assets for the three months ended September 30, 2021 and 2020 was $101,149 and $409, respectively.

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- Definition The entire disclosure for goodwill and 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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