Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

Intangible Assets with definite useful life consist of licenses, customer lists and software that were acquired through acquisitions:

	June 30, 2019			December 31, 2018
Customer Lists	$	1,135,961		$	1,135,961
Software		2,407,001			2,407,001
License		624,255
Less: Accumulated Amortization		(1,503,559	)		(1,052,040	)
Intangible Assets, net	$	2,663,658		$	2,490,922

Amortization expense amounted to $451,519 and $130,156 for the six-month periods ended June 30, 2019, and 2018, respectively; and $225,759 and $54,365 for the three-month periods ended June 30, 2019, and 2018, respectively. Amortization expense is included as a component of operating expenses in the accompanying statements of operations. Amortization expense is expected to be as follows:

2019	$	434,736
2020	$	802,334
2021	$	802,333

Intangible Assets with indefinite useful life consist of a license granted by the FCC:

The License, because of the nature of the asset and the limitation on the number of granted licenses by the FCC, will not be amortized. The License was acquired through an acquisition. The fair market value of the License as of June 30, 2019, was $624,255.