v2.4.0.6
INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2012
Intangible Assets Tables  
Intangible Assets

Intangible assets include assets capitalized as a result of our acquisitions and represent the valuation of the mobile application portfolio and customer list acquired based on net cash flows from the portfolio.  The components of intangible assets were as follows:

 

    June 30,     December 31,  
    2012     2011  
                 
Mobile App Portfolio (useful life – 3 years)   $ 611,461     $ 611,461  
Customer List (useful life – 3 years)     1,381,545       -  
Software Development Costs (useful life – 3 years)     54,119       -  
Less: Accumulated Amortization     (361,407 )     (29,037
                 
Intangible Assets, net   $ 1,685,718     $ 582,424