INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2018

Intangible Assets Net [Abstract]

INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

At December 31, 2018 and 2017 intangible assets consist of:

	2018			2017
Trade name and trademark	$	1,562,332		$	1,739,307
Customer list		2,388,139			988,041
Non-competition agreements		150,000			150,000
Domain name and other intangible assets		762,807			81,000
		4,863,278			2,958,348
Accumulated depreciation and amortization		(503,480	)		(60,335	)
Intangible assets, net	$	4,359,798		$	2,898,013

During the years ended December 31, 2018 and 2017, the Company acquired the trade names and trademarks of I.AM and Microphase, both which were determined to have an indefinite life, for $520,000 and $1,739,307, respectively. The remaining definite lived intangible assets are being amortized on a straight-line basis over their estimated useful lives. Amortization expense was $459,656 and $60,335 for the years ended December 31, 2018 and 2017, respectively.

The customer list and non-competition agreements are subject to amortization over their estimated useful lives, which range between 3 and 14 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.

2019	$	506,271
2020		382,251
2021		242,503
2022		224,003
2023		210,670
Thereafter		1,044,254
	$	2,609,952