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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

7. Goodwill and Other Intangible Assets

 

The Company recorded $60,824 and $121,648 of amortization of intangible assets for the three and six months ended June 30, 2019, respectively, and no amortization of intangible assets for the three and six months ended June 30, 2018.

 

The following table shows intangible assets other than goodwill and related accumulated amortization as of June 30, 2019 and December 31, 2018.

 

   June 30,
2019
   December 31,
2018
 
AVV sublicense  $11,330,000   $11,330,000 
Trademark license   6,030,000    6,030,000 
Non-compete agreements   270,000    270,000 
Pro-Tech customer relationships   129,680    129,680 
Pro-Tech trademark   42,840    42,839 
Accumulated amortization and impairment   (14,907,463)   (14,777,188)
Other intangible assets, net  $2,895,057   $3,025,331 

 

See Note 13, Subsequent Events, for additional information regarding the AVV Sublicense Agreement and Trademark License.