|
NOTE 6 – INTANGIBLE
ASSETS
Intangible assets consisted of the following
as of:
| |
|
|
|
March 31, 2017 |
|
|
December 31,
2016 |
|
| |
|
Estimated
Life
|
|
Successor |
|
|
Successor |
|
| |
|
|
|
|
|
|
|
|
| Trademarks |
|
3.3 – 4.5 years |
|
$ |
260,000 |
|
|
$ |
260,000 |
|
| Website |
|
3 years |
|
|
67,079 |
|
|
|
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 |
|
| Goodwill |
|
indefinite |
|
|
481,947 |
|
|
|
481,947 |
|
| Accumulated amortization |
|
|
|
|
(79,798 |
) |
|
|
(27,866 |
) |
| |
|
|
|
$ |
1,409,228 |
|
|
$ |
1,429,206 |
|
Amortization expense was $51,932 and $15,482
for the three months ended March 31, 2017 (Successor) and 2016 (Predecessor), and is classified in general and administrative
expenses in the consolidated Statements of Operations.
|