INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

Intangible assets consisted of the following at December 31:

	2020			2019

Intellectual property	$	307,100		$	307,100
Customer base		142,000			142,000
Non-compete agreements		8,300			8,300
Less accumulated amortization		(299,200	)		(207,720	)

Net	$	158,200		$	249,680

Amortization expense was $91,480 for the years ended December 31, 2020 and 2019.

The intangible assets are amortized on a straight-line basis over an estimated useful life of 5 years. Estimated annual aggregate amortization expense for the intangible assets subsequent to 2020 is as follows:

2021	$	91,480
2022		66,720

Total	$	158,200