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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Goodwill and intangible assets were comprised of the following as of December 31, 2019:

 

   Estimated Life  Balance at January 1, 2019  Accumulated Amortization  Impairment  Balance at December 31, 2019
Intellectual Property/Technology   5 Years  $433,400   $(115,574)  $   $317,826 
Customer Base   5 Years   72,000    (19,200)       52,800 
Tradenames and Trademarks   5 Years   58,200    (15,520)       42,680 
Non-compete Agreement   4 Years   160,900    (53,633)       107,267 
Total intangible assets      724,500    (203,927)      $520,573 
Goodwill      3,270,984        (162,984)   3,108,000 
Total     $3,995,484   $   $(162,984)  $3,628,573 
Future amortization

Future amortization is as follows for fiscal years ending:

 

   2020  2021  2022  2023
Intellectual Property/Technology  $86,680   $86,680   $86,680   $57,786 
Customer Base   14,400    14,400    14,400    9,600 
Tradenames and Trademarks   11,640    11,640    11,640    7,760 
Non-compete Agreement   40,225    40,225    26,817     
Total  $152,945   $152,945   $139,537   $75,146