Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.20.2
INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2020
INTANGIBLE ASSETS  
Schedule of Intangible assets

Intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2020

 

2019

 

 

 

 

 

 

 

Acquired data

 

$

1,500,000

 

$

 —

Acquired software

 

 

100,000

 

 

100,000

 

 

 

1,600,000

 

 

100,000

Less: accumulated amortization

 

 

(242,274)

 

 

(16,667)

Intangible assets, net

 

$

1,357,726

 

$

83,333

 

Schedule of estimated future amortization expense

The estimated future amortization expense is as follows:

 

 

 

 

 

For the Years Ending December 31, 

    

Total

2020

 

$

87,500

2021

 

 

333,333

2022

 

 

300,000

2023

 

 

300,000

2024

 

 

300,000

Thereafter

 

 

36,893

 

 

$

1,357,726