Intangible Assets

3 Months Ended

Mar. 31, 2012

4. INTANGIBLE ASSETS

Intangible assets with definite lives are amortized over their estimated useful lives. The following table provides a summary of the Company's intangible assets with definite lives:


	Non-Compete Agreement			Trade Name			Total
Net carrying amount as of December 31, 2010	$	57,292		$	32,083		$	89,375
Amortization		(12,501	)		(32,083	)		(44,584	)

Net carrying amount as of December 31, 2011		44,791			—			44,791
Amortization		(3,125	)		—			(3,125	)

Net carrying amount as of March 31, 2012	$	41,666		$	—		$	41,666

The Company's amortization terms for intangible assets are four years for trade name usage and eight years for a non-compete agreement. Amortization expense related to intangible assets with definite lives was $3,125 and $16,875 for the three months ended March 31, 2012 and 2011, respectively.

Estimated future amortization expense related to intangible assets with definite lives is as follows:


Year	Amortization
2012	$	9,375	April 1, 2012 through December 31, 2012
2013		12,500
2014		12,500
2015		7,291

Total	$	41,666

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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