Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

8. Goodwill and Other Intangible Assets

 

The Company recorded $244,542 of amortization of intangible assets for both the three and nine months ended September 30, 2018, and no amortization of intangible assets for the three and nine months ended September 30, 2017.

 

The following table shows intangible assets and related accumulated amortization as of September 30, 2018 and December 31, 2017.

 

    September 30,
2018
  December 31,
2017
AVV sublicense   $ 11,330,000     $ 11,330,000  
Trademark license     6,030,000       6,030,000  
Non-compete agreements     270,000       270,000  
Pro-Tech customer relationships     129,680       -  
Pro-Tech trademark     42,840       -  
Accumulated amortization     (244,542 )     -  
Other intangible assets, net   $ 17,557,977     $ 17,630,000