Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

7. Intangible Assets and Goodwill

Intangible assets and goodwill at March 31, 2020 and December 31, 2019 consists of the following:

	March 31, 2020			December 31, 2019
Permits and licenses	$	25,000		$	25,000
Azuñia brand		11,945,066			11,945,066
Customer lists		3,246,748			3,246,748
Goodwill		28,182			28,182
Total intangible assets and goodwill		15,244,996			15,244,996
Less accumulated amortization		(670,561	)		(542,024	)
Intangible assets and goodwill - net	$	14,574,435			14,702,972

Amortization expense totaled $0.1 million and $0.1 million for the three months ended March 31, 2020 and March 31, 2019, respectively. The permits and license, Azuñia brand and goodwill have all been determined to have indefinite life and will not be amortized. The customer list is being amortized over a seven-year life.