Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of goodwill and intangible assets
 
         
June 30, 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       473,084  
     Non-compete agreements
     4       262,147       199,340  
                         
Total Intangible Assets
             1,453,689       672,424  
                         
Total Goodwill and Intangible Assets
           $ 3,655,517     $ 672,424  
 
Scheduled amortization over next five years
 
Year ending June 30,
      
2014
  
$
242,261
  
2015
    
173,254
  
2016
    
30,635
  
2017
    
30,635
  
2018
    
10,212
  
Total
  
$
486,997