XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Finite-lived Intangible Assets, Net

Goodwill and finite-lived Intangible assets, net consisted of the following at December 31, 2018 and 2017:

 

 

 

2018

 

 

2017

 

Goodwill

 

$

1,091,000

 

 

$

1,091,000

 

Other intangible assets:

 

 

 

 

 

 

 

 

Patents

 

 

13,485,000

 

 

 

13,475,000

 

Customer relationships

 

 

3,400,000

 

 

 

3,400,000

 

Trademarks

 

 

2,880,967

 

 

 

2,880,967

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Internally-developed software

 

 

126,015

 

 

 

102,968

 

Other intangible assets, gross

 

 

20,551,982

 

 

 

20,518,935

 

Less: accumulated amortization

 

 

(11,661,730

)

 

 

(10,157,126

)

Other intangible assets, net

 

 

8,890,252

 

 

 

10,361,809

 

Goodwill and other intangible assets, net

 

$

9,981,252

 

 

$

11,452,809

 

 

Schedule of Estimated Amortization Expense

Estimated amortization expense to be recorded for the twelve months ending 2019 through 2023 and thereafter are as follows:

 

December 31,

 

Total

 

2019

 

$

1,508,864

 

2020

 

 

1,464,789

 

2021

 

 

1,399,287

 

2022

 

 

1,108,412

 

2023

 

 

252,930

 

Thereafter

 

 

3,155,970

 

Total amortization

 

$

8,890,252