Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets

Intangible assets, net is as follows:

 

March 31, 2019  

Useful Lives

(Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net Carrying

Amount

 
Long-lived intangible assets:                                
Sales Process     10     $ 2,130,956     $ (1,711,816 )   $ 419,140  
Paid Member Relationships     5       803,472       (773,805 )     29,667  
Member Lists     5       8,086,181       (7,787,614 )     298,567  
Developed Technology     3       648,000       (648,000 )     -  
Trade Name/Trademarks     4       440,000       (440,000 )     -  
            $ 12,108,609     $ (11,361,235 )     747,374  
Indefinite-lived intangible assets:                                
Trade Name                             90,400  
                                 
Intangible assets, net                           $ 837,774  

 

December 31, 2018  

Useful Lives

(Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net Carrying

Amount

 
Long-lived intangible assets:                                
Sales Process     10     $ 2,130,956     $ (1,692,764 )   $ 438,192  
Paid Member Relationships     5       803,472       (758,972 )     44,500  
Member Lists     5       8,086,181       (7,638,331 )     447,850  
Developed Technology     3       648,000       (648,000 )     -  
Trade Name/Trademarks     4       440,000       (440,000 )     -  
            $ 12,108,609     $ (11,178,067 )     930,542  
Indefinite-lived intangible assets:                                
Trade Name                             90,400  
                                 
Intangible assets, net                           $ 1,020,942  

Schedule of Future Annual Estimated Amortization Expense

Future annual estimated amortization expense is summarized as follows:

 

Years ending December 31,      
2019     382,904  
2020     72,894  
2021     72,894  
2022     72,894  
Thereafter     145,788  
    $ 747,374