Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5. Intangible Assets

The following is a summary of the Company’s acquired intangible assets:

	March 31, 2017
	Weighted Average Amortization Period		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Developed technologies		5	$	280,000	$	50,104	$	229,896
Customer relationships		10		3,150,000		405,832		2,744,168
Non-compete agreement		3		67,000		28,773		38,227
Total intangible assets, net		10	$	3,497,000	$	484,709	$	3,012,291

	December 31, 2016
	Weighted Average Amortization Period		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Developed technologies		5	$	280,000	$	37,091	$	242,909
Customer relationships		10		3,150,000		327,082		2,822,918
Non-compete agreement		3		67,000		23,190		43,810
Total intangible assets, net		10	$	3,497,000	$	387,363	$	3,109,637

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a results of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $97,346 and $91,333 for the three months ended March 31, 2017 and 2016, respectively.

	Estimated Future Amortization
2017 (remaining nine months)	$	292,039
2018		388,529
2019		367,052
2020		366,333
2021		350,420
Thereafter		1,247,918
Total	$	3,012,291