v2.4.0.8

Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2014
Intangible Assets and Goodwill [Abstract] |
Schedule of Intangible Assets | The following table summarizes our intangible assets at June 30, 2014:
|  |  |  |  | Additions |  |  |  |  |  |  |
Intangible Asset |  | December 31, 2013 |  |  | Participation Agreement |  |  | Reverse Merger |  |  | Post Combination |  |  | Total |  |  | Accumulated Amortization |  |  | June 30, 2014 |
Finite lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents |  | $ | - |  |  | $ | 2,000,000 |  |  | $ | - |  |  | $ | 9,500 |  |  | $ | 2,009,500 |  |  | $ | (74,074 | ) |  | $ | 1,935,426 |
Customer relationships |  |  | - |  |  |  | - |  |  |  | 1,200,000 |  |  |  | - |  |  |  | 1,200,000 |  |  |  | (60,000 | ) |  |  | 1,140,000 |
Domain names |  |  | - |  |  |  | - |  |  |  | 1,100,000 |  |  |  | - |  |  |  | 1,100,000 |  |  |  | (55,000 | ) |  |  | 1,045,000 |
Trade names |  |  | - |  |  |  | - |  |  |  | 850,000 |  |  |  | - |  |  |  | 850,000 |  |  |  | (42,500 | ) |  |  | 807,500 |
|  |  | - |  |  |  | 2,000,000 |  |  |  | 3,150,000 |  |  |  | 9,500 |  |  |  | 5,159,500 |  |  |  | (231,574 | ) |  |  | 4,927,926 |
Indefinite lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  | - |  |  |  | 1,700,000 |  |  |  | - |  |  |  | - |  |  |  | 1,700,000 |  |  |  | - |  |  |  | 1,700,000 |
asseenontv.com URL |  |  | - |  |  |  | - |  |  |  | 4,800,000 |  |  |  | - |  |  |  | 4,800,000 |  |  |  | - |  |  |  | 4,800,000 |
|  |  | - |  |  |  | 1,700,000 |  |  |  | 4,800,000 |  |  |  | - |  |  |  | 6,500,000 |  |  |  | - |  |  |  | 6,500,000 |
Intangible, net |  | $ | - |  |  | $ | 3,700,000 |  |  | $ | 7,950,000 |  |  | $ | 9,500 |  |  | $ | 11,659,500 |  |  | $ | (231,574 | ) |  | $ | 11,427,926 |
Schedule of Future Amortization Expense | A summary of future amortization expense is as follows:
Year 1 |  | $ | 853,278 |
Year 2 |  |  | 853,278 |
Year 3 |  |  | 853,278 |
Year 4 |  |  | 853,278 |
Year 5 |  |  | 695,778 |
Thereafter |  |  | 819,036 |
|  | $ | 4,927,926 |

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