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NOTE 5 - GOODWILL AND OTHER INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
NOTE 5 – GOODWILL AND OTHER INTANGIBLE ASSETS

Asure accounted for its historical acquisitions in accordance with ASC 805, Business Combinations.  We recorded the amount exceeding the fair value of net assets acquired at the date of acquisition as goodwill. We recorded intangible assets apart from goodwill if the assets had contractual or other legal rights or if the assets could be separated and sold, transferred, licensed, rented or exchanged. Asure’s goodwill relates to the acquisitions of ADI and Legiant in 2011, the acquisition of PeopleCube in 2012 and the acquisitions of FotoPunch and Roomtag in 2014. 

 In accordance with ASC 350, Intangibles-Goodwill and Other, we review and evaluate our long-lived assets, including intangible assets with finite lives, for impairment whenever events or changes in circumstances indicate that we may not recover their net book value. We test goodwill for impairment on an annual basis in the fourth fiscal quarter of each year, and between annual tests, if indicators of potential impairment exist, using a fair-value-based approach. There has been no impairment of goodwill for the periods presented. We amortize intangible assets not considered to have an indefinite useful life using the straight-line method over their estimated period of benefit, which generally ranges from one to nine years. Each reporting period, we evaluate the estimated remaining useful life of intangible assets and assess whether events or changes in circumstances warrant a revision to the remaining period of amortization or indicate that impairment exists. We have not identified any impairments of finite-lived intangible assets during any of the periods presented. 

The following table summarizes the changes in our goodwill:

Balance at December 31, 2014
 
$
17,500
 
Adjustments to goodwill
   
(60
)
Foreign exchange adjustments to goodwill
   
            (4
) 
Balance at March 31, 2015
 
$
17,436
 

The gross carrying amount and accumulated amortization of our intangible assets as of March 31, 2015 and December 31, 2014 are as follows:

       
March 31, 2015
 
Intangible Asset
 
Weighted Average
Amortization
Period (in Years)
 
Gross
   
Accumulated
Amortization
   
Net
 
                       
Developed Technology
 
7.6
 
$
4,016
   
$
(1,889
)
 
$
2,127
 
Customer Relationships
 
7.2
   
12,811
     
(7,703
)
   
5,108
 
Reseller Relationships
 
7
   
853
     
(427
)
   
426
 
Trade Names
 
5
   
694
     
(664
)
   
30
 
Covenant not-to-compete
 
2
   
229
     
(213
)
   
16
 
   
7.3
 
$
18,603
   
$
(10,896
)
 
$
7,707
 

       
December 31, 2014
 
Intangible Asset
 
Weighted Average
Amortization
Period (in Years)
 
Gross
   
Accumulated
Amortization
   
Net
 
                       
Developed Technology
 
7.6
 
$
4,020
   
$
(1,783
)
 
$
2,237
 
Customer Relationships
 
7.2
   
12,811
     
(7,234
)
   
5,577
 
Reseller Relationships
 
7
   
853
     
(396
)
   
457
 
Trade Names
 
5
   
694
     
(662
)
   
32
 
Covenant not-to-compete
 
2
   
229
     
(210
)
   
19
 
   
7.3
 
$
18,607
   
$
(10,285
)
 
$
8,322
 

We record amortization expense using the straight-line method over the estimated useful lives of the intangible assets, as noted above.  Amortization expenses for the three months ended March 31, 2015 and 2014 were $505 and $497, respectively, included in Operating Expenses. Amortization expenses recorded in Cost of Sales were $106 and $76 for the three months ended March 31, 2015 and 2014, respectively.

The following table summarizes the future estimated amortization expense relating to our intangible assets:

Twelve Months Ended
     
December 31, 2015 (remaining)
 
$
1,676
 
December 31, 2016
 
1,759
 
December 31, 2017
 
1,738
 
December 31, 2018
 
1,390
 
December 31, 2019
 
763
 
Thereafter
 
381
 
   
$
7,707