XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets | Note 8. Intangible Assets The following is a summary of the Company’s acquired intangible assets:
|  | September 30, 2017 |
|  | Weighted Average Amortization Period (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Intangibles, Net |
Customer relationships |  |  | 10 |  |  | $ | 4,450,000 |  |  | $ | 617,499 |  |  | $ | 3,832,501 |
Developed technologies |  |  | 9 |  |  |  | 1,080,000 |  |  |  | 109,463 |  |  |  | 970,537 |
Tradename |  |  | 3 |  |  |  | 120,000 |  |  |  | 16,667 |  |  |  | 103,333 |
Non-compete agreement |  |  | 3 |  |  |  | 67,000 |  |  |  | 39,940 |  |  |  | 27,060 |
Total intangible assets, net |  |  | 10 |  |  | $ | 5,717,000 |  |  | $ | 783,569 |  |  | $ | 4,933,431 |
|  | December 31, 2016 |
|  | Weighted Average Amortization Period (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Intangibles, Net |
Customer relationships |  |  | 10 |  |  | $ | 3,150,000 |  |  | $ | 327,082 |  |  | $ | 2,822,918 |
Developed technologies |  |  | 5 |  |  |  | 280,000 |  |  |  | 37,091 |  |  |  | 242,909 |
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 result of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $74,402 and $93,338 for the three months ended September 30, 2017 and 2016, respectively, and $396,206 and $276,004 for the nine months ended September 30, 2017 and 2016, respectively.
|  | Estimated Future Amortization |
2017 (remaining three months) |  | $ | 159,846 |
2018 |  |  | 638,529 |
2019 |  |  | 617,052 |
2020 |  |  | 589,667 |
2021 |  |  | 560,420 |
Thereafter |  |  | 2,367,917 |
Total |  | $ | 4,933,431 |

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 The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration