INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

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

Intangible Assets with indefinite useful life consist of a Lifeline License granted by the FCC.

The Lifeline 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 Lifeline License was acquired through an acquisition. The fair market value of the License as of June 30, 2021, was $634,251. 

	June 30, 2021			December 31, 2020
Customer List	$	1,135,962		$	1,135,962
Software		2,407,001			2,407,001
ETC License		634,251			634,251
Less: Amortization		(3,141,796	)		(2,740,629	)
Net Amortizable Intangibles		1,035,418			1,436,585
Right of Use Assets - net		229,710			80,578
Intangible Assets net	$	1,265,128		$	1,517,163

Amortization expenses for the three months ended June 30, 2021, and 2020, was $200,583. Amortization expense amounted to $401,167 for the six months ended June 30, 2021, and 2020, 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:

2021 $ 401,168

Current intangible assets will be fully amortized as of December 31, 2021.