XML 23 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 5 – INTANGIBLE ASSETS

 

Intangible Assets consist of customer lists that were acquired through acquisitions:

 

  2017   2016
           
Customer Lists $ 1,135,961   $ 1,135,961
Less: Accumulated Amortization   (951,333)     (619,003)
  $ 184,628   $ 516,958

 

Amortization expense amounted to $332,330 and $294,731 for the years ended December 31, 2017, and 2016, respectively. Amortization expense is included as a component of operating expenses in the accompanying statements of operations. Future amortization over the next year will be $184,628, which fully amortizes intangible assets.