Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets, net is as follows:

March 31, 2017	Useful Lives (Years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trade Name		7	$	2,622,000	$	(530,638	)	$	2,091,362
Customer Relationships		5		2,008,000		(568,939	)		1,439,061
eBay Reputation Relationship		1		369,000		(369,000	)		-
Non-Compete Agreement		1		283,000		(283,000	)		-
Intangible assets, net			$	5,282,000	$	(1,751,577	)	$	3,530,423

December 31, 2016	Useful Lives (Years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trade Name		7	$	2,622,000	$	(436,996	)	$	2,185,004
Customer Relationships		5		2,008,000		(468,538	)		1,539,462
eBay Reputation Relationship		1		369,000		(369,000	)		-
Non-Compete Agreement		1		283,000		(283,000	)		-
Intangible assets, net			$	5,282,000	$	(1,557,534	)	$	3,724,466

Schedule of estimated amortization expense

Future annual estimated amortization expense is summarized as follows:

Years ending December 31,
2017 (remaining nine months)	$	582,129
2018		776,171
2019		776,171
2020		709,232
2021		374,571
Thereafter		312,149
	$	3,530,423