Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets, net is as follows:

June 30, 2019		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,730,868	)		$	400,088
Paid Member Relationships			5				803,472				(788,638	)			14,834
Member Lists			5				8,086,181				(7,936,897	)			149,284
Developed Technology			3				648,000				(648,000	)			-
Trade Name/Trademarks			4				440,000				(440,000	)			-
						$	12,108,609			$	(11,544,403	)			564,206
Indefinite-lived intangible assets:
Trade Name															90,400

Intangible assets, net														$	654,606

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			198,908
2020			69,581
2021			69,581
2022			69,581
Thereafter			156,555
		$	564,206