Note 12 - Intangible Assets

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

12. Intangible assets

Intangible assets, net as of September 30, 2021 and December 31, 2020, consists of the following:

	September 30, 2021			December 31, 2020
Customer base	$	1,575,000		$	-
Trade-names/marks		134,300			-
Accumulated amortization		(134,022	)		-
Net carrying value	$	1,575,278		$	-

The purchase price allocation accounting for the Imquest acquisition is preliminary, as the Company is still undergoing fair value studies. Any purchase price accounting may be adjusted in future accounting periods once consideration is paid and actual amounts are known.

During the nine months ended September 30, 2021 and 2020, the Company recorded total amortization expense of $134,022 and $0, respectively.