XML 23 R12.htm IDEA: XBRL DOCUMENT v3.20.2
INTANGIBLE ASSETS, NET
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Intangible assets consists of the following:
September 30, 2020December 31, 2019
Trademarks
$368,948 $309,395 
Software
2,536,467 2,288,062 
Trade name
486,586 492,408 
Contractual and customer relationships
3,948,381 3,010,480 
Non-compete
400,748 268,459 
Other
205,810 208,012 
Total cost
7,946,940 6,576,816 
Less: Accumulated amortization3,436,779 2,756,356 
Intangible assets, net$4,510,161 $3,820,460 
Amortization expense for the three months ended September 30, 2020 and 2019 was $239,571 and $199,582, respectively. For the nine months ended September 30, 2020 and 2019, amortization expense was $705,692 and $570,954, respectively.
The Company completed the acquisition of a business during the nine months ended September 30, 2020. Refer to Note 12 for additional information related to intangible assets added from this acquisition.