XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.7.0.1

INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets | The following is a summary of activity related to intangible assets for the three months ended March 31, 2017:
|  | Customer Relationships |  |  | Intellectual Property |  |  | Non-Compete |  |  | Patents Pending |  |  |
Useful Lives |  | 10 Years |  |  | 10 Years |  |  | 10 Years |  |  | n/a |  |  | Total |
Carrying Value at December 31, 2016 |  | $ | 1,446,166 |  |  | $ | 2,000,858 |  |  | $ | 8,067 |  |  | $ | 19,200 |  |  | $ | 3,474,291 |
Additions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,126 |  |  |  | 8,126 |
Amortization |  |  | (39,679 | ) |  |  | (53,885 | ) |  |  | (704 | ) |  |  | — |  |  |  | (94,268 | )
Carrying Value at March 31, 2017 |  | $ | 1,406,487 |  |  | $ | 1,946,973 |  |  | $ | 7,363 |  |  | $ | 27,326 |  |  | $ | 3,388,149 |
The following is a summary of intangible assets as of March 31, 2017:
|  | Customer Relationships |  |  | Intellectual Property |  |  | Non-Compete |  |  | Patent Pending |  |  | Total |
Cost |  | $ | 1,587,159 |  |  | $ | 2,444,646 |  |  | $ | 14,087 |  |  | $ | 27,326 |  |  | $ | 4,073,218 |
Accumulated amortization |  |  | (180,672 | ) |  |  | (497,673 | ) |  |  | (6,724 | ) |  |  | — |  |  |  | (685,069 | )
Carrying Value at March 31, 2017 |  | $ | 1,406,487 |  |  | $ | 1,946,973 |  |  | $ | 7,363 |  |  | $ | 27,326 |  |  | $ | 3,388,149 |
Schedule of future amortization expense of intangible assets | Future expected amortization of intangible assets is as follows:
Fiscal Year Ending December 31, |
2017 |  |  | 305,780 |
2018 |  |  | 407,706 |
2019 |  |  | 407,706 |
2020 |  |  | 402,109 |
2021 |  |  | 398,567 |
Thereafter |  |  | 1,466,281 |
|  | $ | 3,388,149 |

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 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