Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets, net is as follows:

						Gross
		Useful Lives				Carrying				Accumulated				Net Carrying
December 31, 2020		(Years)				Amount				Amortization				Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,845,178	)		$	285,778
Paid Member Relationships			5				803,472				(803,472	)			-
Member Lists			5				8,086,181				(8,086,181	)			-
Developed Technology			3				648,000				(648,000	)			-
Trade Name/Trademarks			4				440,000				(440,000	)			-
							12,108,609				(11,822,831	)			285,778
Indefinite-lived intangible assets:
Trade name															90,400
Intangible assets, net														$	376,178

						Gross
		Useful Lives				Carrying				Accumulated				Net Carrying
December 31, 2019		(Years)				Amount				Amortization				Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,768,971	)		$	361,985
Paid Member Relationships			5				803,472				(803,472	)			-
Member Lists			5				8,086,181				(8,086,181	)			-
Developed Technology			3				648,000				(648,000	)			-
Trade Name/Trademarks			4				440,000				(440,000	)			-
							12,108,609				(11,746,624	)			361,985
Indefinite-lived intangible assets:
Trade name															90,400
Intangible assets, net														$	452,385

Schedule of Future Annual Estimated Amortization Expense

Future annual estimated amortization expense is summarized as follows:

Year ended December 31,
2021		$	76,207
2022			76,207
2023			76,207
2024 and thereafter			57,157
		$	285,778