Intangible Assets and Goodwill
|3 Months Ended|
Mar. 31, 2018
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Intangible Assets and Goodwill||
NOTE 6. INTANGIBLE ASSETS AND GOODWILL
The fair value of identifiable intangible assets consisted of the following at March 31, 2018:
The Company completed its annual goodwill impairment assessment as of March 31, 2018. As a result of the Company’s annual assessment, the Company determined that the fair value of the indefinite-lived intangible asset was substantially in excess of its carrying values and no impairment had occurred. The Company continues to believe that goodwill and the indefinite-lived intangible asset are recoverable; however, significant adverse changes in the projected revenues and cash flows of the Company could result in an impairment of goodwill or the indefinite-lived intangible asset. There can be no assurances that goodwill or the indefinite-lived intangible asset may not be impaired in future periods.
Amortization expense for the three months ended March 31, 2018 and 2017 totaled $2,253 and $-0-. For the three months ended March 31, 2018, amortization expense of $938 was charged to operating expenses and $1,315 was charged to cost of revenues.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef