Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.7.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        December 31, 2016  
    Estimated life         Accumulated  
    in years   Gross amount     Amortization  
                     
Goodwill   Indefinite   $ 3,985,700       -  
Intangible Assets                    
Intangible assets not subject to amortization                    
Trademarks   Indefinite     294,268       -  
Intangible assets subject to amortization                    
Customer list   5 - 15     897,274       872,300  
Non-compete agreements   4     272,147       262,147  
                     
Total Intangible Assets         1,463,689       1,134,447  
                     
Total Goodwill and Intangible Assets       $ 5,449,389     $ 1,134,447
Schedule of amortization over the next five years

Scheduled amortization over the next five years as follows:

 

Years ending December 31,      
2017     28,863  
2018     3,333  
2019     2,778  
Total   $ 34,974