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GOODWILL AND INTANGIBLE ASSETS AND IMPAIRMENT (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The changes in the carrying amount of intangible assets for the year ended December 31, 2013 and 2012 were as follows:
 
 
 
 
2013
 
 
2012
 
Balance at beginning of year
 
$
4,631,577
 
$
5,551,149
 
Amortization expense
 
 
(907,223)
 
 
(919,572)
 
Balance at end of year
 
$
3,724,354
 
$
4,631,577
 
Schedule of Intangible Assets and Goodwill [Table Text Block]
The following table sets forth the components of these intangible assets as of December 31, 2013 and 2012:
 
 
 
 
 
As of December 31, 2013
 
 
 
Estimated
 
Adjusted
 
 
 
 
Net
 
 
 
Useful
 
Carrying
 
Accumulated
 
as of
 
 
 
Life
 
Amount
 
Amortization
 
12/31/2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade name
 
20 years
 
$
704,458
 
$
(260,641)
 
$
443,817
 
Patents and copyrights
 
17 years
 
 
1,117,842
 
 
(454,421)
 
 
663,421
 
Non-compete agreements
 
5 years
 
 
310,000
 
 
(268,667)
 
 
41,333
 
Developed technology
 
7 years
 
 
3,941,310
 
 
(3,295,135)
 
 
646,175
 
Backlog
 
3 years
 
 
303,400
 
 
(303,400)
 
 
-
 
Non-contractual customer relationships
 
15 years
 
 
3,268,568
 
 
(1,338,960)
 
 
1,929,608
 
 
 
 
 
$
9,645,578
 
$
(5,921,224)
 
$
3,724,354
 
 
 
 
As of December 31, 2012
 
 
 
Adjusted
 
 
 
 
Net
 
 
 
Carrying
 
Accumulated
 
as of
 
 
 
Amount
 
Amortization
 
12/31/2012
 
 
 
 
 
 
 
 
 
 
 
 
Trade name
 
$
704,458
 
$
(229,975)
 
$
474,483
 
Patents and copyrights
 
 
1,117,842
 
 
(396,575)
 
 
721,267
 
Non-compete agreements
 
 
310,000
 
 
(206,667)
 
 
103,333
 
Developed technology
 
 
3,941,310
 
 
(2,760,370)
 
 
1,180,940
 
Backlog
 
 
303,400
 
 
(303,400)
 
 
-
 
Non-contractual customer relationships
 
 
3,268,568
 
 
(1,117,014)
 
 
2,151,554
 
 
 
$
9,645,578
 
$
(5,014,001)
 
$
4,631,577
 
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
The following summarizes amortization of acquisition related intangible assets included in the statement of operations:
 
 
 
Years Ended December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Cost of sales
 
$
771,416
 
$
771,416
 
General and administrative
 
 
135,807
 
 
148,156
 
 
 
$
907,223
 
$
919,572
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The Company expects that amortization expense for the next five succeeding years will be as follows:
 
2014
 
$
416,657
2015
 
$
310,458
2016
 
$
310,458
2017
 
$
310,458
2018
 
$
310,458