Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2022

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 March 31, 2022

	2022
Balance, January 1	$	249,986
		-
Balance, March 31	$	249,986

The following table sets for the components of the Company’s intangible assets at March 31, 2022:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(4,653	)	$	116,347
Customer Relationships		10		600,000		(35,000	)		565,000
Non-Compete Agreements		5		22,000		(2,567	)		19,433
Total			$	743,000	$	(42,220	)	$	700,780

The aggregate amortization remaining on the intangible assets as of March 31, 2022 is a follows:

	Intangible Amortization
2022 (9 months remaining)	$	54,350
2023		72,467
2024		72,467
2025		72,467
2026		71,367
Thereafter		357,662
Total	$	700,780