Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.20.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Other Intangible Assets, Net Other intangible assets, net consisted of the following at:

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Patents

 

$

13,485,000

 

 

$

13,485,000

 

Customer relationships

 

 

3,400,000

 

 

 

3,400,000

 

Trademarks

 

 

2,880,967

 

 

 

2,880,967

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Internally-developed software

 

 

183,415

 

 

 

183,415

 

Other intangible assets, gross

 

 

20,609,382

 

 

 

20,609,382

 

Less: accumulated amortization

 

 

(13,561,238

)

 

 

(13,178,739

)

Other intangible assets, net

 

$

7,048,144

 

 

$

7,430,643

 

 

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense is as follows:

 

Twelve Months Ending March 31,

 

Total

 

2021

 

$

1,457,258

 

2022

 

 

1,415,500

 

2023

 

 

829,535

 

2024

 

 

252,930

 

2025

 

 

252,930

 

Thereafter

 

 

2,839,991

 

Total amortization

 

$

7,048,144