Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.8.0.1
INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets consisted of the following as of:

 

              December 31,  
    Estimated Life     March 31, 2018   2017  
                 
Trademarks   3.3 – 4.5 years     $ 260,000   $ 260,000  
Website   3 years       113,253     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           (308,390)     (249,947)  
          $ 744,863   $ 803,306  

 

      March 31,   December 31,  
  Estimated Life   2018   2017  
             
Goodwill indefinite   $ 481,947   $ 481,947  
Future amortization expense related to intangible assets

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

 

      Trademarks     Website     Acquired
Intangibles 		    Total  
2018 (remainder of fiscal year)     $ 48,890     $ 28,313     $ 98,125     $ 175,328  
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       —       —       142,957       142,957  
      $ 162,221     $ 77,087     $ 505,555     $ 744,863