INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2021

INTANGIBLE ASSETS, NET [Abstract]

Intangible Assets

The following table summarizes the Company’s intangible assets as of March 31, 2021:

	Estimated Useful Life (Years)		Gross Carrying Amount at March 2, 2021		Accumulated Amortization			Net Book Value at 3/31/2021
Customer Relationships		5	$	5,243,000	$	(81,746	)	$	5,161,254
Software Technology		2		1,170,000		(45,605	)		1,124,395
Software Technology		7		4,109,000		(45,761	)		4,063,239
Tradenames and Trademarks		8		386,000		(3,761	)		382,239
			$	10,908,000	$	(176,873	)	$	10,731,127

Estimated Future Amortization Expense

The estimated future amortization expense for the next five years and thereafter is as follows:

Years Ending December 31,	Future amortization expense
2021	$	1,701,638
2022		2,268,850
2023		1,784,495
2024		1,683,850
2025		1,683,850
Thereafter		1,608,444
Total	$	10,731,127