INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

11. INTANGIBLE ASSETS, NET

At December 31, 2021 and 2020, intangible assets consisted of:

	Useful Life	December 31, 2021			December 31, 2020
Trade name and trademark	Indefinite life	$	1,546,000		$	1,551,000
Customer list	10-14 years		3,486,000			3,441,000
Domain name and other intangible assets	5 years		714,000			690,000
			5,746,000			5,682,000
Accumulated depreciation and amortization			(1,711,000	)		(1,292,000	)
Intangible assets, net		$	4,035,000		$	4,390,000

The Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives. Amortization expense was $375,000 and $336,000, respectively, for the years ended December 31, 2021 and 2020.

The customer relationships 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.

2022	$	319,000
2023		319,000
2024		319,000
2025		319,000
2026		319,000
Thereafter		894,000
	$2,489,000