| Schedule of Intangible Assets |
Intangible assets, net is as follows:
| September 30, 2018 |
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
|
10 |
|
|
$ |
3,970,000 |
|
|
$ |
(1,593,514 |
) |
|
$ |
2,376,486 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
890,000 |
|
|
|
(714,472 |
) |
|
|
175,528 |
|
| Member Lists |
|
|
5 |
|
|
|
8,957,000 |
|
|
|
(7,190,480 |
) |
|
|
1,766,520 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade Name/Trademarks |
|
|
4 |
|
|
|
440,000 |
|
|
|
(440,000 |
) |
|
|
- |
|
| |
|
|
|
|
|
$ |
14,905,000 |
|
|
$ |
(10,586,466 |
) |
|
|
4,318,534 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
4,408,934 |
|
| December 31, 2017 |
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
|
10 |
|
|
$ |
3,970,000 |
|
|
$ |
(1,295,764 |
) |
|
$ |
2,674,236 |
|
| Paid Member Relationships |
|
|
5 |
|
|
|
890,000 |
|
|
|
(580,972 |
) |
|
|
309,028 |
|
| Member Lists |
|
|
5 |
|
|
|
8,957,000 |
|
|
|
(5,846,931 |
) |
|
|
3,110,069 |
|
| Developed Technology |
|
|
3 |
|
|
|
648,000 |
|
|
|
(648,000 |
) |
|
|
- |
|
| Trade Name/Trademarks |
|
|
4 |
|
|
|
440,000 |
|
|
|
(359,027 |
) |
|
|
80,973 |
|
| |
|
|
|
|
|
$ |
14,905,000 |
|
|
$ |
(8,730,694 |
) |
|
|
6,174,306 |
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,264,706 |
|
|
| Schedule of Future Annual Estimated Amortization Expense |
Future annual estimated amortization expense
is summarized as follows:
| Years ending December 31, |
|
|
|
| 2018 (three months) |
|
$ |
591,600 |
|
| 2019 |
|
|
1,846,697 |
|
| 2020 |
|
|
397,000 |
|
| 2021 |
|
|
397,000 |
|
| 2022 |
|
|
397,000 |
|
| Thereafter |
|
|
689,237 |
|
| |
|
$ |
4,318,534 |
|
|