v2.4.0.8

Intangible Assets and Goodwill (Tables)

6 Months Ended

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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- 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)

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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

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