v3.5.0.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
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