Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 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 June 30, 2022.

	2022
Balance, January 1	$	249,986
Addition:		-
Balance, June 30	$	249,986

The following table sets for the components of the Company’s intangible assets at June 30, 2022:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(6,678	)	$	114,322
Customer Relationships		10		600,000		(50,000	)		550,000
Non-Compete Agreements		5		22,000		(3,667	)		18,333
Total			$	743,000	$	(60,354	)	$	682,655

The aggregate amortization remaining on the intangible assets as of June 30, 2022 is a follows:

	Intangible Amortization
2022 (6 months remaining)	$	36,225
2023		72,467
2024		72,467
2025		72,467
2026		71,367
Thereafter		357,662
Total	$	682,655