Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

The following table summarizes identifiable intangible assets of the Company as of December 31, 2018 and 2017:

December 31, 2018	Useful Lives (In Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortized:
Customer relationships	10	$	3,123,000		(442,000	)		2,681,000
Trademark and tradename	10 - 15		1,367,000		(178,000	)		1,189,000
Patents	11		1,489,000		(1,218,000	)		271,000
Favorable contract interest	5		388,000		(137,000	)		251,000
Covenant not to compete	4		208,000		(60,000	)		148,000
			6,575,000		(2,035,000	)		4,540,000
Unamortized:
Customer list			104,000		-			104,000
Trademark and Tradename			61,000		-			61,000
			165,000		-			165,000
Total		$	6,740,000	$	(2,035,000	)	$	4,705,000

December 31, 2017	Useful Lives (In Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortized:
Customer relationships	10	$	3,123,000		(130,000	)		2,993,000
Trademark and tradename	10 - 15		1,367,000		(52,000	)		1,315,000
Patents	11		1,489,000		(1,083,000	)		406,000
Favorable contract interest	5		388,000		(40,000	)		348,000
Covenant not to compete	4		208,000		(18,000	)		190,000
			6,575,000		(1,323,000	)		5,252,000
Unamortized:
Customer list			104,000		-			104,000
Trademark and Tradename			61,000		-			61,000
			165,000		-			165,000
Total		$	6,740,000	$	(1,323,000	)	$	5,417,000

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

Year ending December 31:
2019		712,000
2020		712,000
2021		536,000
2022		462,000
2023		438,000
Thereafter		1,680,000
	$	4,540,000