Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.5.0.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

        June 30, 2016  
   

Estimated
life

in years

  

Gross

amount

    

Accumulated

Amortization

  
                 
Goodwill   Indefinite   $ 2,201,828       N/A  
Intangible Assets                    
Intangible assets not subject to amortization                    
Trademarks   Indefinite     294,268       N/A  
Intangible assets subject to amortization                    
Customer list   5 - 15     897,274       856,426  
Non-compete agreements   4     262,147       262,147  
                     
Total Intangible Assets         1,453,689       1,118,574  
                     
Total Goodwill and Intangible Assets       $ 3,655,517     $ 1,118,574  
Schedule of amortization over the next two years

Scheduled amortization over the next two years as follows:

 

For The Twelve Months ending June 30,      
2017     30,635  
2018     10,213  
Total   $ 40,848