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Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2014
Intangible Assets [Abstract] |
Schedule of Other Intangible Assets | Intangible assets are comprised of the following:
|  |  |  | September 30, 2014 |  |  | December 31, 2013
|  |  |  | Gross Carrying |  | Accumulated |  |  | Net Carrying |  | Gross Carrying |  |  | Accumulated |  | Net Carrying
|  | Useful Life |  | Amount |  | Amortizaton |  |  | Amount |  | Amount |  |  | Amortizaton |  | Amount
Acquired intangibles- customer lists and non- compete agreements |  | 5 -10 years |  | $ | 1,997,300 |  | $ | 1,485,047 |  | $ | 512,253 |  | $ | 1,997,300 |  | $ | 1,343,819 |  | $ | 653,481
Acquired intangibles-patents and patent rights |  |  | Varied | (1) |  |  | 31,506,567 |  |  |  | 5,301,745 |  |  |  | 26,204,822 |  |  |  | 30,356,164 |  |  |  | 2,042,083 |  |  |  | 28,314,081
Patent application costs |  |  | Varied | (2) |  |  | 1,031,183 |  |  |  | 404,385 |  |  |  | 626,798 |  |  |  | 965,523 |  |  |  | 330,494 |  |  |  | 635,029
|  |  |  |  |  | $ | 34,535,050 |  |  | $ | 7,191,177 |  |  | $ | 27,343,873 |  |  | $ | 33,318,987 |  |  | $ | 3,716,396 |  |  | $ | 29,602,591
(1)acquired patents and patent rights are amortized over their expected useful life which is generally the remaining legal life of the patent. As of September 30, 2014, the weighted average remaining useful life of these assets in service was approximately 6.1 years. (2) patent application costs are amortized over their expected useful life which is generally the remaining legal life of the patent. As of September 30, 2014, the weighted average remaining useful life of these assets in service was approximately 8.2 years.
Schedule of Estimated Future Amortization of Intangible Assets | Approximate expected intangible asset amortization for the fourth quarter of 2014 and for each of the five succeeding fiscal years is as follows:
Fourth quarter of 2014 |  | $ | 1,173,000 |
2015 |  | $ | 4,603,000 |
2016 |  | $ | 4,403,000 |
2017 |  | $ | 4,384,000 |
2018 |  | $ | 4,248,000 |
2019 |  | $ | 3,975,000 |
Thereafter |  | $ | 4,558,000 |
Total |  | $ | 27,344,000 |

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- 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=26713463&loc=d3e16323-109275 + Details
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