Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

Intangible assets and goodwill consisted of the following at March 31, 2017 and December 31, 2016

	Useful lives	March 31, 2017			December 31, 2016
Patents	10 years	$	67,395		$	67,395
Customer relationships	10 years		3,567,396			3,567,396
Trademarks	10 years		3,544,931			3,544,931
Intangible assets, at cost			7,179,722			7,179,722
Accumulated amortization			(523,281	)		(346,245	)
Intangible assets, net of accumulated amortization		$	6,656,441		$	6,833,477
Goodwill from acquisition of Mimio	N/A	$	44,931		$	44,931
Goodwill from acquisition of Boxlight	N/A		4,137,060			4,137,060
		$	4,181,991		$	4,181,991

For the three months ended March 31, 2017 and 2016, the Company recorded amortization expense of $177,036 and $0, respectively.