Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

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INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets, net consisted of the following as of:

 

        December 31,     December 31,  
    Estimated Life   2017     2016  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Website   3 years     113,253       35,125  
Acquired tradename   10 years     365,000       365,000  
Acquired proprietary design   5 years     80,000       80,000  
Acquired developed technology - website   3 years     117,500       117,500  
Acquired developed technology – Ipad application   3 years     117,500       117,500  
Accumulated amortization         (249,947 )     (27,866 )
        $ 803,306     $ 947,259  

 

        December 31,     December 31,  
    Estimated Life   2017     2016  
Goodwill   indefinite     481,947       481,947  
Future amortization expense related to intangible assets

Future amortization expense related to intangible assets are approximately as follows:

 

                  Acquired        
      Trademarks     Website     Intangibles     Total  
2018     $ 65,186     $ 37,751     $ 130,833     $ 233,770  
2019       62,907       37,084       124,306       224,297  
2020       37,818       11,690       52,500       102,008  
2021       12,606       —       51,167       63,773  
2022       —       —       36,500       36,500  
Thereafter       —       —       142,958       142,958  
      $ 178,517     $ 86,525     $ 538,264     $ 803,306