Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following table presents the changes in intangible assets during the period:

 

Balance at December 31, 2018   $  
Acquisition during the period     3,680,000  
Balance at June 30, 2019    

3,680,000

 
Amortization during the six months ended June 30, 2019     (368,000 )
Intangible assets, net   $ 3,312,000  
Schedule of Future Amortization of Intangible Assets

The following is a schedule of expected future amortization of intangible assets as of June 30, 2019:

 

    Amount  
Remainder of 2019   $ 368,000  
2020     736,000  
2021     736,000  
2022     736,000  
2023     736,000  
Total   $ 3,312,000