Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.19.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2018
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   2018     2017  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Website   3 years     118,755       113,253  
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         (484,635 )     (249,947 )
Impairment         (460,789 )     —  
        $ 133,331     $ 803,306  

 

        December 31,     December 31,  
    Estimated Life   2018     2017  
                 
Goodwill   indefinite   $ 481,947     $ 481,947  
Impairment         (481,947 )     —  
        $ —     $ 481,947  
Future amortization expense related to intangible assets

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

 

      Total  
  2019     $ 62,907  
  2020       37,818  
  2021       12,606  
        $ 113,331