Quarterly report pursuant to Section 13 or 15(d)

Other Intangible Assets and Goodwill (Tables)

v3.8.0.1
Other Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets from Continuing Operations
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.
Schedule of Amortization Expense
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