Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets, net is as follows:

December 31, 2019		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying 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

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,
2020		$	62,954
2021			62,954
2022			62,954
Thereafter			173,123
		$	361,985

Schedule of Impaired Intangible Assets

		2019				2018
Impairment charge on NAPW		$	-			$	2,796,391