Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets, net is as follows:

March 31, 2019		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,711,816	)		$	419,140
Paid Member Relationships			5				803,472				(773,805	)			29,667
Member Lists			5				8,086,181				(7,787,614	)			298,567
Developed Technology			3				648,000				(648,000	)			-
Trade Name/Trademarks			4				440,000				(440,000	)			-
						$	12,108,609			$	(11,361,235	)			747,374
Indefinite-lived intangible assets:
Trade Name															90,400

Intangible assets, net														$	837,774

December 31, 2018		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,692,764	)		$	438,192
Paid Member Relationships			5				803,472				(758,972	)			44,500
Member Lists			5				8,086,181				(7,638,331	)			447,850
Developed Technology			3				648,000				(648,000	)			-
Trade Name/Trademarks			4				440,000				(440,000	)			-
						$	12,108,609			$	(11,178,067	)			930,542
Indefinite-lived intangible assets:
Trade Name															90,400

Intangible assets, net														$	1,020,942

Schedule of Future Annual Estimated Amortization Expense

Future annual estimated amortization expense is summarized as follows:

Years ending December 31,
2019			382,904
2020			72,894
2021			72,894
2022			72,894
Thereafter			145,788
		$	747,374