Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.1.9
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        March 31, 2015  
   

Estimated 
Life

In Years

  

Gross

Amount

    

Accumulated

Amortization

  
                 
Goodwill   Indefinite   $ 2,201,828       -  
Intangible Assets                    
Intangible assets not subject to amortization                    
Trademarks   Indefinite     294,268       -  
Intangible assets subject to amortization                    
Customer list   5 - 15     897,274       787,129  
Non-compete agreements   4     262,147       262,147  
                     
Total Intangible Assets         1,453,689       1,049,276  
                     
Total Goodwill and Intangible Assets       $ 3,655,517     $ 1,049,276  
Scheduled amortization over next five years

Scheduled amortization over the next five years as follows:

 

For The Twelve Months Ending March 31,      
2015   $ 61,639  
2016     30,635  
2017     17,870  
Total   $ 110,145