Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets, net was as follows:

Schedule of Intangible Assets

		Useful Lives				Gross Carrying				Accumulated				Net Carrying
June 30, 2021		(Years)				Amount				Amortization				Amount
Long-lived intangible assets:
Sales Process			10			$	2,130,956			$	(1,883,282	)		$	247,674
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				(11,860,935	)			247,674
Indefinite-lived intangible assets:
Trade name															90,400
Intangible assets, net														$	338,074

		Useful Lives				Gross 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

Schedule of Future Annual Estimated Amortization Expense

As of June 30, 2021, estimated amortization expense in future fiscal years is summarized as follows:

Year ended December 31,
Remaining of 2021		$	38,104
2022			76,207
2023			76,207
2024			57,156
Net Carrying Amount		$	247,674