Intangible Assets Other Than Goodwill
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Other Than Goodwill

NOTE 5: INTANGIBLE ASSETS OTHER THAN GOODWILL

 

Intangible assets    

June 30,

2021

 

 

December 31,

2020

Acquisition cost   $ 178,642   $ 178,642
Accumulated amortization     (82,859)     (80,079)
Total Intangible assets net book value   $ 95,783   $ 98,563

 

Amortization expense for both three month periods ended June 30, 2021 and 2020 amounted to $1,394 and for the six month periods ended June 30, 2021 and 2020 amounted to $2,780 and $2,787, respectively.

 The remaining aggregate amortization of acquired intangibles as of June 30, 2021 will be as follows:

 

Period

       
Year One   $ 5,581  
Year Two     5,581  
Year Three     5,588  
Year Four     5,581  
Year Five     5,581  
Thereafter     67,871  
Total   $ 95,783