v3.5.0.2
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The Company’s intangible assets at March 31, 2016 and December 31, 2015, respectively, include the following:

 

    3/31/2016     12/31/2015  
License fees   $ 150,000     $ 150,000  
Patent     50,000       50,000  
Website     45,076       45,076  
Customer relation     764,864       764,864  
Accumulated amortization     (881,498 )     (785,351  
Intangible assets, net   $ 128,442     $ 224,589  
Schedule of Estimated Amortization Expense for Intangible Assets

Amortization of intangible assets is computed using the straight-line method and is recognized over the estimated useful lives of the intangible assets. Amortization of intangible assets was $95,346 and $94,298 for the three months ended March 31, 2016 and 2015, respectively. Estimated amortization expense for future years is as follows:

 

2016     $ 113,667  
2017       3,202  
2018       3,202  
2019       3,202  
2020       3,202  
Thereafter       1,967  
Total     $ 128,442