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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Information Related to Intangible Assets
The following tables summarize information related to the intangible assets as of the dates indicated.

   Date Acquired  Original Useful Life  
 
Remaining Useful Life
As of December 31, 2020
 
 WPS Customer Relationships
11/30/19
6.0 years
 
4.9 years
 
 WPS Trade Name
11/30/19
0.5 years
   
 


   
Purchase Price
   
2019
Amortization
   
Balance as of
December 31, 2019
   
2020
Amortization
   
Balance as of December 31, 2020
 
 WPS Customer Relationships
 
$
987,000
   
$
23,000
   
$
964,000
   
$
155,000
   
$
809,000
 
 WPS Trade Name
   
70,000
     
12,000
     
58,000
     
58,000
     
 
Total Intangible assets
 
$
1,057,000
   
$
35,000
   
$
1,022,000
   
$
213,000
   
$
809,000
Schedule of Annual Amortization Expense for Intangible Assets
The Company expects its aggregate annual amortization expense for existing amortizable intangible assets for the below periods
to be as follows:

   
Amount
 
2021
 
$
165,000
 
2022
   
165,000
 
2023
   
165,000
 
2024
   
165,000
 
2025
   
149,000
 
Total future amortization expense
 
$
809,000