Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets-Net (Tables)

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Goodwill and Intangible Assets-Net (Tables)
 9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

The following is the summary of the changes to the carrying amount of goodwill for the nine months ended September 30, 2018 and the year ended December 31, 2017:

 

    September 30,     December 31,  
    2018     2017  
Beginning gross balance   $ 12,263,943     $ 12,178,868  
Acquisitions     417,112       85,075  
Ending gross balance   $ 12,681,055     $ 12,263,943  

Schedule of Finite-Lived Intangible Assets

Intangible assets - net as of September 30, 2018 and December 31, 2017 consist of the following:

 

    September 30,     December 31,  
    2018     2017  
Contracts and relationships acquired   $ 22,591,300     $ 16,491,300  
Non-compete agreements     1,236,377       1,236,377  
Other intangible assets     1,528,688       1,498,417  
Total intangible assets     25,356,365       19,226,094  
Less: Accumulated amortization     (18,176,212 )     (16,716,550 )
Intangible assets - net   $ 7,180,153     $ 2,509,544  

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of September 30, 2018, future amortization scheduled to be expensed is as follows:

 

Years ending      
December 31      
2018 (three months)   $ 607,297  
2019     1,764,306  
2020     942,635  
2021     850,553  
2022     577,860  
Thereafter     2,437,502  
Total   $ 7,180,153