Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.20.1
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 4 - Goodwill and Intangible Assets

 

Goodwill and intangible assets consisted of the following:

 

        December 31, 2019
    Estimated life
in years
  Gross amount   Accumulated
Amortization
  Net
Intangible assets not subject to amortization                
Goodwill     Indefinite     $ 3,015,700     $ —       $ 3,015,700
Trademarks     Indefinite       294,268       —         294,268
    Total intangible assets not subject to amortization             3,309,968       —         3,309,968
Intangible assets subject to amortization                              
Customer lists     5 - 15       897,274       897,274       —  
ABC acquired contracts     5       310,000       196,334       113,666
SIAS acquired contracts     5       660,000       418,000       242,000
Non-compete agreements     4       272,147       272,147       -
Total intangible assets subject to amortization             2,139,421       1,783,755       355,666
Total Goodwill and Intangible Assets           $ 5,449,389     $ 1,783,755     $ 3,665,634