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NOTE 5 - GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2016
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 and Mangrove in 2016. The following table summarizes the annual changes in our goodwill:
Balance at December 31, 2014 |  | $ | 17,500 |
Adjustments to goodwill |  |  | (60 | )
Foreign exchange adjustments to goodwill |  |  | (4 | )
Balance at December 31, 2015 |  | $ | 17,436 |
Goodwill recognized upon acquisition of Mangrove |  |  | 8,837 |
Foreign exchange adjustments to goodwill |  |  | (14 | )
Balance at December 31, 2016 |  | $ | 26,259 |
The gross carrying amount and accumulated amortization of our intangible assets as of December 31, 2016 and 2015 are as follows:
|  |  |  | December 31, 2016 |
Intangible Assets |  | Weighted Average Amortization Period (in Years) |  | Gross |  | Accumulated Amortization |  | Net |
Developed Technology |  |  | 12.7 |  |  | $ | 10,915 |  |  | $ | (3,408 | ) |  | $ | 7,507 |
Customer Relationships |  |  | 7.3 |  |  |  | 14,011 |  |  |  | (10,270 | ) |  |  | 3,741 |
Reseller Relationships |  |  | 7 |  |  |  | 853 |  |  |  | (640 | ) |  |  | 213 |
Trade Names |  |  | 14.5 |  |  |  | 1,294 |  |  |  | (707 | ) |  |  | 587 |
|  |  | 9.8 |  |  | $ | 27,073 |  |  | $ | (15,025 | ) |  | $ | 12,048 |
|  |  |  |  | December 31, 2015 |
Intangible Assets |  | Weighted Average Amortization Period (in Years) |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Developed Technology |  |  | 7.6 |  |  | $ | 4,015 |  |  | $ | (2,208 | ) |  | $ | 1,807 |
Customer Relationships |  |  | 7.2 |  |  |  | 12,811 |  |  |  | (8,959 | ) |  |  | 3,852 |
Reseller Relationships |  |  | 7 |  |  |  | 853 |  |  |  | (518 | ) |  |  | 335 |
Trade Names |  |  | 5 |  |  |  | 694 |  |  |  | (669 | ) |  |  | 25 |
Covenant not-to-compete |  |  | 2 |  |  |  | 229 |  |  |  | (222 | ) |  |  | 7 |
|  |  | 7.3 |  |  | $ | 18,602 |  |  | $ | (12,576 | ) |  | $ | 6,026 |
We record amortization expense using the straight-line method over the estimated useful lives of the intangible assets, as noted above. Amortization expenses were $2,253 and $1,866 for 2016 and 2015, respectively, included in Operating Expenses. Amortization expenses recorded in Cost of Sales were $425 and $425 for 2016 and 2015, respectively. The following table summarizes the future estimated amortization expense relating to our intangible assets as of December 31, 2016:
Calendar Years |  |  |
2017 |  | $ | 2,907 |
2018 |  |  | 2,558 |
2019 |  |  | 1,927 |
2020 |  |  | 1,360 |
2021 |  |  | 1,559 |
Thereafter |  |  | 1,737 |
|  | $ | 12,048 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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