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Intangible Assets | 12 Months Ended
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Dec. 31, 2013
Intangible Assets [Abstract] |
Intangible Assets |
| 7. | Intangible Assets
The Company has material intangible assets consisting of purchased intangibles and internally developed software used in the conduct of business. The following table summarizes purchased and internally developed intangible assets subject to amortization as follows:
|  | DECEMBER 31, 2013
|  |  |  |  |  |  |  |  |  |  | Weighted
|  |  |  |  |  |  |  |  |  |  | Average
|  | Gross Carrying |  |  | Accumulated |  |  | Net Book |  |  | Amortization
|  | Amount |  |  | Amortization |  |  | Value |  |  | Period
Customer Relationships |  | $ | 2,890,000 |  |  | $ | (1,405,000 | ) |  | $ | 1,485,000 |  |  | 6.0
Channel Relationships |  |  | 540,000 |  |  |  | (216,000 | ) |  |  | 324,000 |  |  | 4.0
Telecommunications Software |  |  | 2,450,000 |  |  |  | (1,089,667 | ) |  |  | 1,360,333 |  |  | 4.0
Cybersecurity Software |  |  | 669,171 |  |  |  | (530,486 | ) |  |  | 138,685 |  |  | 2.0
Trade Name and Trademarks |  |  | 225,000 |  |  |  | (179,750 | ) |  |  | 45,250 |  |  | 1.0
Non-Compete Agreements |  |  | 780,000 |  |  |  | (519,997 | ) |  |  | 260,003 |  |  | 2.0
|  | $ | 7,554,171 |  |  | $ | (3,940,900 | ) |  | $ | 3,613,271 |  |  |
For the year ended December 31, 2013 there were no acquisitions or disposals of intangible assets. For the year ended December 31, 2013, the Company did not complete any business combinations or purchase intangible assets from a third party.
|  | DECEMBER 31, 2012
|  |  |  |  |  |  |  |  |  |  | Weighted
|  |  |  |  |  |  |  |  |  |  | Average
|  | Gross Carrying |  |  | Accumulated |  |  | Net Book |  |  | Amortization
|  | Amount |  |  | Amortization |  |  | Value |  |  | Period
Customer Relationships |  | $ | 2,890,000 |  |  | $ | (1,005,835 | ) |  | $ | 1,884,165 |  |  | 7.0
Channel Relationships |  |  | 540,000 |  |  |  | (108,000 | ) |  |  | 432,000 |  |  | 5.0
Telecommunications Software |  |  | 2,450,000 |  |  |  | (700,000 | ) |  |  | 1,750,000 |  |  | 5.0
Cybersecurity Software |  |  | 669,171 |  |  |  | (348,344 | ) |  |  | 320,827 |  |  | 3.0
Trade Name and Trademarks |  |  | 225,000 |  |  |  | (22,750 | ) |  |  | 202,250 |  |  | 2.0
Non-Compete Agreements |  |  | 780,000 |  |  |  | (400,001 | ) |  |  | 379,999 |  |  | 3.0
|  | $ | 7,554,171 |  |  | $ | (2,584,930 | ) |  | $ | 4,969,241 |  |  |
During the year ended December 31, 2012, the Company completed its determination of the fair value of intangibles acquired in connection with a business combination, increased the value of identified intangible assets from $4,492,428 to $5,320,000 as of December 31, 2012 and increased the useful lives of acquired intangibles from provisional estimates. See Note 3 for additional information about the fair value adjustments recorded to intangible assets in connection with this business combination. For the year ended December 31, 2012, the Company recorded capitalized software costs related to our Cybersecurity software totaling approximately $132,000. For the year ended December 31, 2012 there were disposals of fully amortized customer relationships, telecommunications software and cybersecurity software intangibles with gross historical cost and accumulated amortization of approximately $1.1 million, $0.5 million and $1.2 million, respectively. The total weighted average life of purchased and internally developed intangible assets is approximately 6.0 years and 2.0 years, respectively, at December 31, 2013. The following table summarizes reflects estimated future amortization for purchased intangible assets for fiscal years ending December 31:
2014 |  | $ | 1,120,385 |
2015 |  |  | 737,552 |
2016 |  |  | 691,167 |
2017 |  |  | 569,167 |
2018 |  |  | 247,500 |
Thereafter |  |  | 247,500 |
Total |  | $ | 3,613,271 |
The aggregate amortization expense recorded was approximately $1,356,000 and $1,392,400 for the years ended December 31, 2013 and 2012, respectively.

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