Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets-Net (Tables)

v3.19.2
Goodwill and Intangible Assets-Net (Tables)
 6 Months Ended
Jun. 30, 2019
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 six months ended June 30, 2019 and the year ended December 31, 2018:

 

    Six Months Ended     Year Ended  
    June 30, 2019     December 31, 2018  
Beginning gross balance   $ 12,593,795     $ 12,263,943  
Acquisition     39,901       329,852  
Ending gross balance   $ 12,633,696     $ 12,593,795  
Schedule of Finite-Lived Intangible Assets

Intangible assets - net as of June 30, 2019 and December 31, 2018 consist of the following:

 

    June 30, 2019     December 31, 2018  
Contracts and relationships acquired   $ 23,597,300     $ 22,741,300  
Non-compete agreements     1,236,377       1,236,377  
Other intangible assets     1,606,552       1,477,059  
Total intangible assets     26,440,229       25,454,736  
Less: Accumulated amortization     (19,933,080 )     (18,820,733 )
Intangible assets - net   $ 6,507,149     $ 6,634,003  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2019, future amortization scheduled to be expensed is as follows:

 

Years ending      
December 31      
2019 (six months)   $ 959,035  
2020     1,301,600  
2021     1,157,877  
2022     800,107  
2023     338,528  
Thereafter     1,950,002  
Total   $ 6,507,149