Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.6
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of goodwill and intangible assets
 
       
March 31, 2013
 
   
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
     
423,166
 
     Non-compete agreements
 
4
   
262,147
     
189,958
 
                     
Total Intangible Assets
       
1,453,689
     
613,124
 
                     
Total Goodwill and Intangible Assets
     
$
3,655,517
   
$
613,124
 
 
Scheduled amortization over next five years
 
Twelve months ending March 31,
     
2014
 
$
183,743
 
2015
   
209,492
 
2016
   
98,844
 
2017
   
28,688
 
2018
   
25,530
 
Total
 
$
546,297