Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.6
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets [Abstract]  
Schedule of goodwill and intangible assets
 
         
December 31, 2012
 
   
Estimated life in years
   
Gross amount
   
Accumulated Amortization
 
                   
Goodwill
 
Indefinite
   
$
2,201,828
     
-
 
                       
     Intangible assets not subject to amortization
                     
     Trademarks
 
Indefinite
     
294,268
     
-
 
     Intangible assets subject to amortization
                     
     Customer list
  5 - 15      
897,274
     
383,354
 
     Non-compete agreements
  4      
262,147
     
166,574
 
                         
Total Intangible Assets
           
1,453,689
     
549,928
 
                         
Total Goodwill and Intangible Assets
         
$
3,665,517
   
$
549,928
 
 
Scheduled amortization over next five years
 
 
Twelve months ending December 31,
     
2013
 
$
244,992
 
2014
   
209,492
 
2015
   
98,844
 
2016
   
30,635
 
2017
   
25,530
 
Total
 
$
609,495