Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        December 31, 2018
    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       134,333       175,667  
SIAS acquired contracts     5       660,000       286,000       374,000  
Non-compete agreements     4       272,147       269,369       2,778  
Total intangible assets subject to amortization             2,139,421       1,586,976       552,445  
Total Goodwill and Intangible Assets           $ 5,449,389     $ 1,586,976     $ 3,862,413  
Schedule of amortization over the next five years

Scheduled amortization over the next five years as follows:

 

Years ending December 31,        
2019     $ 196,778  
2020       194,000  
2021       161,668  
Total     $ 552,446