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Note 4. Intangible Assets (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2013 | Dec. 31, 2012
Note 4. Intangible Assets Tables |  |
Fair value of PIR intangible assets and goodwill |
Total Consideration |  | $ | 3,450,000 |
Plus: Liabilities assumed in excess of tangible assets |  |  | 2,029,692 |
Total fair value of PIR intangible assets and goodwill |  | $ | 5,479,692 |
Allocation of PIR intangible assets and goodwill: |  |  |  |
Amortizable intangible assets |  | $ | 3,300,000 |
Trademarks |  |  | 720,000 |
Goodwill |  |  | 1,459,692 |
Total fair value of PIR intangible assets and goodwill |  | $ | 5,479,692 |
|  | December 31, 2012 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer lists |  | $ | 500,000 |  |  | $ | (128,333 | ) |  | $ | 371,667 |
Customer relationships-noncontractual |  |  | 25,000 |  |  |  | (25,000 | ) |  |  | - |
Proprietary software |  |  | 51,000 |  |  |  | (34,333 | ) |  |  | 16,667 |
Goodwill |  |  | 43,195 |  |  |  | — |  |  |  | 43,195 |
Total intangible assets |  | $ | 619,195 |  |  | $ | (187,666 | ) |  | $ | 431,529 |
|  | December 31, 2011 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer lists |  | $ | 70,000 |  |  | $ | (31,666 | ) |  | $ | 38,334 |
Customer relationships-noncontractual |  |  | 25,000 |  |  |  | (22,500 | ) |  |  | 2,500 |
Proprietary software |  |  | 50,000 |  |  |  | (25,000 | ) |  |  | 25,000 |
Goodwill |  |  | 43,195 |  |  |  | — |  |  |  | 43,195 |
Total intangible assets |  | $ | 188,195 |  |  | $ | (79,166 | ) |  | $ | 109,029 |
Assets and liabilities acquired |
Cash |  | $ | 271,602 |
Accounts receivable |  |  | 1,405,208 |
Prepaid expenses and other assets |  |  | 366,876 |
Furniture, equipment, and improvements |  |  | 297,076 |
Deposits |  |  | 10,283 |
Total assets |  |  | 2,351,045 |
Accounts payable and accrued expenses |  |  | (1,790,133 | )
Deferred revenue |  |  | (1,452,780 | )
Net tax liabilities |  |  | (1,137,824 | )
Total liabilities |  |  | (4,380,737 | )
Liabilities assumed in excess of tangible assets |  | $ | 2,029,692 |
Amortizable intangible assets |
|  | Asset Amount |  |  | Useful Life (years) |
Client relationships |  | $ | 1,480,000 |  |  |  | 7 |
Customer list |  |  | 1,270,000 |  |  |  | 3 |
Software |  |  | 550,000 |  |  |  | 3 |
|  | $ | 3,300,000 |  |  |  |  |
Unaudited condensed pro-forma financial results |
| Nine Months Ended |
| September 30, |
| 2013 |  | 2012 |
Revenues |  | $ | 12,288,244 |  |  | $ | 13,826,544 |
Net Income |  | $ | 839,595 |  |  | $ | 738,101 |
Basic earnings per share |  | $ | 0.43 |  |  | $ | 0.39 |
Diluted earnings per share |  | $ | 0.41 |  |  | $ | 0.38 |
Schedule of future amortization of intangible assets |  |
Years Ending December 31: |  |  |
2013 |  | $ | 102,333 |
2014 |  |  | 102,334 |
2015 |  |  | 94,000 |
2016 |  |  | 89,333 |
2017 |  |  | 334 |
Total |  | $ | 388,334 |

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