Goodwill and Indefinite Lived Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Indefinite Lived Intangible Assets

Goodwill
Balance as of December 31, 2018	$	2,534,275
Additions		-
Impairment		-
Balance as of December 31, 2019 and March 31, 2020	$	2,534,275
Indefinite Lived Intangible Assets
Balance as of December 31, 2018	$	770,000
Additions		-
Impairment		-
Balance as of December 31, 2019 and March 31, 2020	$	770,000

Indefinite lived intangible assets consist of trade secrets and trademarks related to the acquisition of EnP Investments LLC.

Definite Life Intangible Assets
Balance as of December 31, 2018	$	2,358,000
Amortization		(176,000	)
Balance as of December 31, 2019		2,182,000
Amortization		(44,000	)
Balance as of March 31, 2020	$	2,138,000

Schedule of Estimated Future Amortization Expense

Estimated amortization expense over the next five years is as follows:

2020	$	176,000
2021		176,000
2022		160,000
2023		160,000
2024		160,000