Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets and Goodwill

v3.8.0.1
Other Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets and Goodwill
Other Intangible Assets and Goodwill
 
The following is a schedule of intangible assets as of March 31, 2018:
 
Term
 
Carrying
Value
 
Accumulated Amortization and Impairment
 
Net Carrying Value
 
Year-to-date Amortization
 
 
 
 
 
 
 
 
 
 
Customer list, Google
20 years
 
$
8,820,000

 
$
(2,682,750
)
 
$
6,137,250

 
$
110,250

Technology
5 years
 
3,600,000

 
(840,000
)
 
2,760,000

 
180,000

Customer list, all other
10 years
 
1,610,000

 
(979,441
)
 
630,559

 
40,251

Customer relationships
20 years
 
570,000

 
(33,250
)
 
536,750

 
7,125

Trade names, web properties (1)
-
 
390,000

 

 
390,000

 

Brand
1 year
 
121,000

 
(121,000
)
 

 
10,083

Non-competition agreements
1 year
 
69,000

 
(69,000
)
 

 
5,750

Intangible assets classified as long-term
 
 
$
15,180,000


$
(4,725,441
)
 
$
10,454,559

 
$
353,459

 
 
 
 
 
 
 
 
 
 
Goodwill, total
-
 
$
9,853,342

 
$

 
$
9,853,342

 
$


(1)
The trade names related to our web properties have an indefinite life, and as such are not amortized.
Amortization expense over the next five years and thereafter is as follows:
 
2018
$
1,012,878

2019
1,350,504

2020
1,350,504

2021
1,350,504

2022
556,294

Thereafter
4,443,875

Total
$
10,064,559