Data Storage Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets [Abstract]

Schedule of goodwill and intangible assets

						September 30, 2012								December 30, 2011
		Estimated life in Years				Gross amount				Accumulated Amortization				Gross amount				Accumulated Amortization
Goodwill		Indefinite				$	2,201,828				-			$	2,201,828				-
Intangible assets not subject to amortization			-				-				-								-
Trademarks		Indefinite					279,268				-				279,268				-
Intangible assets subject to amortization
Customer list			5				854,178				451,123				854,178				339,514
Non-compete agreements			4				262,147				150,190				262,147				101,031
Total Intangible Assets							1,395,593				601,313				1,395,593				440,545
Total Goodwill and Intangible Assets						$	3,597,421				601,313			$	3,597,421			$	440,545

Scheduled amortization over next five years

For the twelve months ending September 30,
2013			214,356
2014			195,240
2015			105,416
Total		$	515,012