Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 7. Goodwill and Intangible Assets, Net

The following table sets for the changes in the carrying amount of the Company’ Goodwill for the quarter ended September 30, 2021

	2021
Balance, January 1	$	-
Acquisitions of Submersible Systems, Inc.		185,264
Balance, September 30	$	185,264

The following table sets for the components of the Company’s intangible assets at September 30, 2021:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(672	)	$	120,328
Customer Relationships		10		672,000		(5,600	)		666,400
Non-Compete Agreements		5		22,000		(367	)		21,633
Total			$	815,000	$	(6,639	)	$	808,361

The aggregate amortization remaining on the intangible assets as of September 30, 2021 is a follows:

	Intangible Amortization
2021 (3 Months)	$	19,917
2021		79,667
2022		79,667
2023		79,667
2024		79,667
Thereafter		469,776
Total	$	808,361