Other Intangible Assets

6 Months Ended

Jun. 30, 2013

(9) Other Intangible Assets

The carrying values of the company’s definite lived intangible assets as of June 30, 2013, and December 31, 2012, are as follows:

	Patents			Non-compete			Customer list			Total
Estimated useful life	14 years			5 years			5 years
Gross amount at June 30, 2013	$	428,806		$	512,000		$	2,046,436		$	2,987,242
Accumulated amortization at June 30, 2013	(428,806		)	(202,700		)	(770,595		)	(1,402,101		)
Net balance at June 30, 2013	—			309,300			1,275,841			1,585,141
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 $105,147 and $43,705 for the three-month periods ended June 30, 2013, and 2012, respectively, and $238,800 and $83,656 for the six-month periods ended June 30, 2013, and 2012, respectively. Future amortization will be:

Remainder of:
2013	$	238,800
2014	392,933
2015	317,796
2016	317,796
2017	317,816
Total	$	1,585,141

- Definition

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

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