Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.21.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

Ecessa

IVDesk

Total



 

 

 

 

 

 

 

January 1, 2020

 

$

 -

$

 -

$

 -



 

 

 

 

 

 

 

Acquisition

 

 

1,341,000 

 

745,000 

 

2,086,000 



 

 

 

 

 

 

 

December 31, 2020

 

$

1,341,000 

$

745,000 

$

2,086,000 



 

 

 

 

 

 

 

Gross goodwill

 

 

1,341,000 

 

745,000 

 

2,086,000 

Accumulated impairment loss

 

 

 -

 

 -

 

 -

Balance at December 31, 2020

 

$

1,341,000 

$

745,000 

$

2,086,000 



Schedule of Finite-Lived Intangible Assets



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

 

December 31, 2020



 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net



 

 

 

 

 

 

 

Trade Name/Trademark/Internet Domain Assets

 

$

90,000 

$

(5,000)

$

85,000 

Non-compete Agreements

 

 

80,000 

 

(16,000)

 

64,000 

Customer Relationships

 

 

290,000 

 

(34,000)

 

256,000 

Internally Developed Software

 

 

1,800,000 

 

(150,000)

 

1,650,000 



 

$

2,260,000 

$

(205,000)

$

2,055,000 



 

 

 

 

 

 

 



Schedule of Estimated Future Amortization Expense



 

 

 



 

 

 

Year Ending December 31:

 

 

 

2021

 

$  

351,000 

2022

 

 

351,000 

2023

 

 

335,000 

2024

 

 

324,000 

2025

 

 

290,000 

Thereafter

 

 

404,000