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Acquisitions, Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Other intangible assets

Other intangible assets consisted of the following at September 30, 2012:

 

     Gross
Carrying
Amount
     Accumulated
Amortization
    Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 1,446,395       $ (316,117     8   

Patents

     240,000         (80,000     8   

Customer relationships

     6,813,471         (727,216     8   
  

 

 

    

 

 

   

Total other intangible assets

   $ 8,499,866       $ (1,123,333     8   
  

 

 

    

 

 

   

Other intangible assets consisted of the following at December 31, 2011:

 

     Gross
Carrying
Amount
     Accumulated
Amortization
    Weighted
Average
Useful Life
(in years)
 

Technology – developed

   $ 1,413,564       $ (184,402     8   

Patents

     240,000         (57,500     8   

Customer relationships

     6,508,147         (124,570     8   
  

 

 

    

 

 

   

Total other intangible assets

   $ 8,161,711       $ (366,472     8