Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

Note 8. Goodwill and Intangible Assets, Net

 

The following table sets for the changes in the carrying amount of the Company’ Goodwill for the year ending December 31, 2019

 

    2019  
Balance, January 1   $ -  
Acquisitions of Coastal Pride Company     445,395  
Balance, December 31   $ 445,395  

 

The following table sets for the components of the Company’s intangible assets at December 31, 2019:

 

    Amortization Period (Years)     Cost     Accumulated Amortization     Net Book Value  
                         
Intangible Assets Subject to amortization                                
Trademarks     15     $ 850,000     $ (4,722 )   $ 845,278  
Customer Relationships     13       1,250,000       (8,333 )     1,241,667  
Non-Compete Agreements     4       40,000       (833 )     39,167  
Total           $ 2,140,000     $ (13,888 )   $ 2,126,112  

 

The aggregate amortization remaining on the intangible assets as of December 31, 2019 is a follows:

 

    Intangible Amortization  
2020   $ 162,821  
2021   $ 162,821  
2022   $ 162,821  
2023   $ 161,987  
2024   $ 152,821  
Thereafter   $ 1,323,162