Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.20.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2019
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   2019   2018
             
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Website   3 years     —         118,755  
Acquired tradename   10 years     —         365,000  
Acquired proprietary design   5 years     —         80,000  
Acquired developed technology - website   3 years     —         117,500  
Acquired developed technology – Ipad application   3 years     —         117,500  
Accumulated amortization         (209,575 )     (484,635 )
Impairment         —         (460,789 )
        $ 50,425     $ 133,331  

 

        December 31,   December 31,
    Estimated Life   2019   2018
             
  Goodwill     indefinite   $ —       $ 481,947  
  Impairment           —         (481,947 )
            $ —       $ —    
Future amortization expense related to intangible assets

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

 

    Total
  2020     $ 37,819  
  2021       12,606  
        $ 50,425