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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
Finite Lived Intangible Assets Future Amortization Expense [Abstract]  
Schedule of Identifiable Intangible Assets

 

The following table summarizes the Company’s identifiable intangible assets:

 

 

 

March 31, 2017

 

 

December 31, 2016

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Trade name

 

$

15,000

 

 

$

(1,250

)

 

$

13,750

 

 

$

15,000

 

 

$

(1,000

)

 

$

14,000

 

 

Schedule of Estimated Amortization Expense for Intangible Assets

Estimated amortization expense for the next five years is expected to be as follows:

 

Remaining 2017

 

                      $

750

 

2018

 

 

1,000

 

2019

 

 

1,000

 

2020

 

 

1,000

 

2021

 

 

1,000