Quarterly report pursuant to Section 13 or 15(d)

6. Intangibles

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6. Intangibles
3 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles

The Company’s intangible assets consist of customer relationship intangibles, trade names, licenses for the use of internet domain names, URL’s, software, and marketing and technology related intangibles. All such assets are capitalized at their original cost and amortized over their estimated useful lives as follows: domain name and marketing – 3 to 20 years; software – 3 to 5 years, customer relationships – 7 to 15 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determined lives may be adjusted. Intangible amortization expense is $236,318 and $61,497 for the three months ended December 31, 2017 and 2016, respectively.

 

The following summarizes estimated future amortization expense related to intangible assets that have net balances as of December 31, 2017:

 

2018   $ 952,310  
2019     949,533  
2020     782,320  
2021     579,433  
2022     358,411  
Thereafter     371,664  
    $ 3,993,671