GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

8. Goodwill and Intangible Assets

Goodwill
Balance as of December 31, 2019	$	2,534,275
Additions		-
Impairment		-
Balance as of December 31, 2020 and September 30, 2021	$	2,534,275
Indefinite Life Intangible Assets
Balance as of December 31, 2019	$	770,000
Additions		-
Impairment		-
Balance as of December 31, 2020 and September 30, 2021	$	770,000

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

Definite Life Intangible Assets
Balance as of December 31, 2019	$	2,182,000
Amortization		(176,000	)
Balance as of December 31, 2020		2,006,000
Amortization		(132,000	)
Balance as of September 30, 2021	$	1,874,000

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