Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

Other assets consist of the following as of:

	March 31, 2019			December 31, 2018
Merchant Portfolios	$	2,190,000		$	2,190,000
Less Accumulated Amortization		(311,218	)		(208,571	)
Net residual portfolios	$	1,878,782		$	1,981,429

	March 31, 2019			December 31, 2018
Trade name	$	2,500,000		$	2,500,000
Less Accumulated Amortization		(458,333	)		(333,333	)
Net trade name	$	2,041,667		$	2,166,667

Amortization expense was $227,647 and $0 for the three months ended March 31, 2019 and $90,739 for the predecessor three months ended March 31, 2018.

The Company's merchant portfolios and tradename are being amortized over respective useful lives of 7 and 5 years.

The following sets forth the estimated amortization expense related to amortizing intangible assets for the years ended December 31:

2019 (remainder of year)	$	585,210
2020	$	812,857
2021	$	812,857
2022	$	812,857
2023	$	479,524
Thereafter	$	417,144
Total	$	3,920,449

The weighted average remaining useful life of amortizing intangible assets was 5.75 years at March 31, 2019.