v3.5.0.2

Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | The Company’s intangible assets at June 30, 2016 and December 31, 2015, respectively, include the following:
|  | 6/30/2016 |  |  | 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 |  |  | (977,644 | ) |  |  | (785,351 | )
Intangible assets, net |  | $ | 32,296 |  |  | $ | 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 $192,293 and $191,245 for the six months ended June 30, 2016 and 2015, respectively. Estimated amortization expense for future years is as follows:
2016 |  | $ | 17,520 |
2017 |  |  | 3,202 |
2018 |  |  | 3,202 |
2019 |  |  | 3,202 |
2020 |  |  | 3,202 |
Thereafter |  |  | 1,968 |
Total |  | $ | 32,296 |

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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