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Note 5 - Intangible Assets | 3 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 5. INTANGIBLE ASSETS The Company had approximately $5.3 million and $5.7 million in intangible assets, net of amortization, at March 31, 2020 and December 31, 2019, respectively. Shown below are the details of the components that represent these balances. Intangible assets consisted of the following as of March 31, 2020
|  | Cost |  |  | Accumulated Amortization |  |  | Carrying Value |  | Amortization Life and Method
IP Software |  | $ | 2,345,287 |  |  | $ | (2,256,081 | ) |  | $ | 89,206 |  | 3 years - straight-line
Portfolios and Client Lists |  |  | 7,714,665 |  |  |  | (5,905,239 | ) |  |  | 1,809,426 |  | 4 years - straight-line
Client Acquisition Costs |  |  | 8,588,283 |  |  |  | (5,138,263 | ) |  |  | 3,450,020 |  | 4 years - straight-line
PCI Certification |  |  | 449,000 |  |  |  | (449,000 | ) |  |  | - |  | 3 years - straight-line
Trademarks |  |  | 703,586 |  |  |  | (703,586 | ) |  |  | - |  | 3 years - straight-line
Domain Names |  |  | 437,810 |  |  |  | (437,810 | ) |  |  | - |  | 3 years - straight-line
Total |  | $ | 20,238,630 |  |  | $ | (14,889,978 | ) |  | $ | 5,348,652 |  |
Intangible assets consisted of the following as of December 31, 2019
|  | Cost |  |  | Accumulated Amortization |  |  | Carrying Value |  | Amortization Life and Method
IP Software |  | $ | 2,343,888 |  |  | $ | (2,240,695 | ) |  | $ | 103,193 |  | 3 years - straight-line
Portfolios and Client Lists |  |  | 7,714,665 |  |  |  | (5,614,880 | ) |  |  | 2,099,785 |  | 4 years - straight-line
Client Acquisition Costs |  |  | 8,238,018 |  |  |  | (4,762,347 | ) |  |  | 3,475,671 |  | 4 years - straight-line
PCI Certification |  |  | 449,000 |  |  |  | (449,000 | ) |  |  | - |  | 3 years - straight-line
Trademarks |  |  | 703,586 |  |  |  | (703,586 | ) |  |  | - |  | 3 years - straight-line
Domain Names |  |  | 437,810 |  |  |  | (437,810 | ) |  |  | - |  | 3 years - straight-line
Total |  | $ | 19,886,966 |  |  | $ | (14,208,317 | ) |  | $ | 5,678,649 |  |
Amortization expense for the intangible assets was approximately $666,000 and $760,000 for the three months March 31, 2020 and 2019, respectively. The following table presents the estimated aggregate future amortization expense of intangible assets:
2020 (remainder of year) |  | $ | 969,002 |
2021 |  |  | 1,292,002 |
2022 |  |  | 1,292,002 |
2023 |  |  | 1,269,701 |
2024 |  |  | 525,945 |
Balance March 31, 2020 |  | $ | 5,348,652 |
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