Other Intangible Assets

3 Months Ended

Mar. 31, 2013

(9) Other Intangible Assets

The carrying values of the company’s definite lived intangible assets as of March 31, 2013, and December 31, 2012, are as follows:

	Patents		Non-compete		Customer list		Total
Estimated useful life	14 years		5 yeats		5 years
Gross amount at March 31, 2013	428,806		512,000		2,306,436		3,247,242
Accumulated amortization at March 31, 2013	(428,806	)	(180,701	)	(687,447	)	(1,296,954	)
Net balance at March 31, 2013	—		331,299		1,618,989		1,950,288
Gross amount at December 31, 2012	428,806		512,000		2,306,436		3,247,242
Accumulated amortization at December 31, 2012	(428,806	)	(156,500	)	(577,995	)	(1,163,301	)
Net balance at December 31, 2012	—		355,500		1,728,441		2,083,941

Amortization expense related to intangible assets was $133,653 and $39,951 for the three-month periods ended March 31, 2013, and 2012, respectively. Future amortization will be:

Remainder of:
2013	$	395,951
2014	444,937
2015	369,800
2016	369,800
2017	369,800
Total	$	1,950,288

- Definition

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

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