Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.1.9
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

          December 31, 2014  
    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       742,266  
Non-compete agreements     4       262,147       262,147  
                         
Total Intangible Assets             1,453,689       1,004,413  
                         
Total Goodwill and Intangible Assets           $ 3,655,517     $ 1,004,413  
Scheduled amortization over next five years

Scheduled amortization over the next five years as follows:

 

Years ending December 31,      
2015     98,844  
2016     30,635  
2017     25,529  
Total   $ 155,008