| Intangible Assets |
The value of intangible assets was determined upon acquisition based on fair value assumptions determined at that time. Intangible assets with finite useful lives are amortized over their respective estimated useful lives using the straight-line method. The following table summarizes the Company’s intangible assets:
|
|
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|
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| |
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| |
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|
|
|
Trade Name |
|
|
8.3 |
|
|
$ |
120,670 |
|
|
$ |
(46,031 |
) |
|
$ |
74,639 |
|
Customer Relationships |
|
|
5.2 |
|
|
|
343,900 |
|
|
|
(161,787 |
) |
|
|
182,113 |
|
Backlog |
|
|
0.5 |
|
|
|
60,190 |
|
|
|
(59,528 |
) |
|
|
662 |
|
|
|
|
10.8 |
|
|
|
126,000 |
|
|
|
(35,903 |
) |
|
|
90,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
$ |
650,760 |
|
|
$ |
(303,249 |
) |
|
$ |
347,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
Trade Name |
|
$ |
120,670 |
|
|
$ |
(43,378 |
) |
|
$ |
77,292 |
|
Customer Relationships |
|
|
343,900 |
|
|
|
(152,376 |
) |
|
|
191,524 |
|
Backlog |
|
|
60,190 |
|
|
|
(58,813 |
) |
|
|
1,377 |
|
|
|
|
126,000 |
|
|
|
(33,803 |
) |
|
|
92,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
650,760 |
|
|
$ |
(288,370 |
) |
|
$ |
362,390 |
|
|
|
|
|
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|
|
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|