Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets
Goodwill and intangible assets consisted of the following:
 
 
 
Estimated
 
September 30, 2014
 
 
 
life
 
Gross
 
Accumulated
 
 
 
in years
 
amount
 
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
 
 
697,402
 
Non-compete agreements
 
4
 
 
262,147
 
 
262,147
 
 
 
 
 
 
 
 
 
 
 
Total Intangible Assets
 
 
 
 
1,453,689
 
 
959,549
 
 
 
 
 
 
 
 
 
 
 
Total Goodwill and Intangible Assets
 
 
 
$
3,655,517
 
$
959,549
 
Scheduled amortization over next five years
Scheduled amortization over the next five years as follows:
 
For The Twelve Months Ending September 30,
 
 
 
2015
 
$
136,049
 
2016
 
 
30,635
 
2017
 
 
30,635
 
2018
 
 
2,553
 
Total
 
$
199,872