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Intangible Assets
9 Months Ended
Sep. 30, 2017
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

At September 30, 2017, customer lists include the intangible assets related to customer relationships acquired through the acquisition of Christian Disposal, Eagle Ridge and the CFS Group. The customer list intangible assets are amortized over their useful life which range from 5 to 20 years. Amortization expense, amounted to approximately $6,300,000 and $3,000,000 for the nine months ended September 30, 2017 and 2016, respectively.

 

The following tables set forth the intangible assets, both acquired and developed, including accumulated amortization as of September 30, 2017:

 

  September 30, 2017
  Remaining    Accumulated  Net Carrying 
  Useful Life Cost  Amortization  Value 
Customer lists 9.05 years $25,387,452  $11,306,777  $14,080,675 
Non-compete agreement 2.45 years  206,000   122,220   83,780 
Trademarks 4.37 years  210,000   26,250   183,750 
Capitalized software 2.67 years  135,020   15,001   120,019 
Website 3.25 years  44,619   9,935   34,684 
    $25,983,091  $11,480,183  $14,502,908