7. Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The following table sets forth the changes in the carrying amount of the Company’s goodwill at September 30, 2019, and December 31, 2018:

Balance, December 31, 2017	$	8,800,761
Acquisition of Bonnie Boat & Friends assets		52,500
Balance, December 31, 2018	$	8,853,261
Activity for the period ended September 30, 2019		–
Balance September 30, 2019	$	8,853,261

Schedule of intangible assets

The following table sets forth the components of the Company’s intangible assets at September 30, 2019, and December 31, 2018:

	September 30, 2019									December 31, 2018
	Amortization Period (Years)		Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Intangible assets subject to amortization:
Customer relationships		10.00	$	1,600,286		(516,393	)		1,083,893	$	1,600,286	$	(396,371	)	$	1,203,915
Mobile software applications		2.00		282,500		(282,500	)		–		282,500		(282,500	)		–
NetSpective webfiltering software		2.00		1,134,435		(623,939	)		510,496		1,134,435		(453,774	)		680,661
Noncompete agreements		1.50		846,638		(846,638	)		–		846,638		(846,638	)		–
Subtotal				3,863,859		(2,269,470	)		1,594,389		3,863,859		(1,979,283	)		1,884,576
Intangible assets not subject to amortization:
Trade names				4,455,595		–			4,455,595		4,455,595		–			4,455,595
Total intangible assets			$	8,319,454	$	(2,269,470	)	$	6,049,984	$	8,319,454	$	(1,979,283	)	$	6,340,171