XML 77 R25.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | The changes in the carrying amount of intangible assets for the year ended December 31, 2017 and 2016 were as follows:
|  | 2017 |  |  | 2016 |
Balance at beginning of year |  | $ | 2,154,563 |  |  | $ | 2,470,127 |
Deduction: Impairment charge |  |  | (1,375,422 | ) |  |  | - |
Deduction: Amortization expense |  |  | (315,563 | ) |  |  | (315,564 | )
Balance at end of year |  | $ | 463,578 |  |  | $ | 2,154,563 |
Schedule of Intangible Assets and Goodwill | The following table sets forth the components of intangible assets as of December 31, 2017 and 2016:
|  |  |  |  | As of December 31, 2017 |
|  | Estimated |  |  | Adjusted |  |  |  |  |  |  |
|  | Useful |  |  | Carrying |  |  | Accumulated |  |  |  |
|  | Life |  |  | Amount |  |  | Amortization |  |  | Net |
Trade name |  |  | 2 years |  |  | $ | 339,590 |  |  | $ | (324,060 | ) |  | $ | 15,530 |
Patents and copyrights |  |  | 12-17 years |  |  |  | 954,915 |  |  |  | (711,781 | ) |  |  | 243,134 |
Non-contractual customer relationships |  |  | 2-10 years |  |  |  | 2,522,228 |  |  |  | (2,226,741 | ) |  |  | 295,481 |
|  |  |  |  |  | $ | 3,816,733 |  |  | $ | (3,262,582 | ) |  | $ | 554,151 |
|  | As of December 31, 2016 |
|  | Adjusted |  |  |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  |  |
|  | Amount |  |  | Amortization |  |  | Net |
Trade name |  | $ | 339,590 |  |  | $ | (297,992 | ) |  | $ | 15,530 |
Patents and copyrights |  |  | 954,915 |  |  |  | (644,231 | ) |  |  | 243,134 |
Non-contractual customer relationships |  |  | 2,431,655 |  |  |  | (2,004,796 | ) |  |  | 204,914 |
|  | $ | 3,726,160 |  |  | $ | (2,947,019 | ) |  |  | 463,578 |
Schedule of Finite-Lived Intangible Assets Amortization Expense | The following summarizes amortization of acquisition related intangible assets included in the statement of operations:
|  | Years Ended December 31, |
|  | 2017 |  |  | 2016 |
Cost of sales |  | $ | 236,651 |  |  | $ | 236,651 |
General and administrative |  |  | 78,912 |  |  |  | 78,913 |
|  | $ | 315,563 |  |  | $ | 315,564 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The Company expects that amortization expense for the next five succeeding years will be as follows:
2018 |  | $ | 157,003 |
2019 |  |  | 132,336 |
2020 |  |  | 24,980 |
2021 |  |  | 24,980 |
2022 |  |  | 24,980 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: 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 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration