Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

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

Schedule of Estimated Amortization Expense

2014	$	1,120,385
2015		737,552
2016		691,167
2017		569,167
2018		247,500
Thereafter		247,500

Total	$	3,613,271