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INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The following table reflects the Company’s merchant portfolio at their cost and net carrying value as of December 31, 2013:
 
 
 
 
 
 
Remaining
 
 
 
 
 
 
 
 
 
Fair
 
Useful Life in
 
Accumulated
 
 
 
 
 
 
Market Value
 
Months
 
Amortization
 
Net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOT BPS, LLC
 
$
1,852,851
 
15
 
$
852,247
 
$
1,000,604
 
TOT HPS, LLC
 
 
102,050
 
15
 
 
46,939
 
 
55,111
 
TOT FBS, LLC
 
 
968,010
 
22
 
 
325,304
 
 
642,706
 
 
 
$
2,922,911
 
 
 
$
1,224,490
 
$
1,698,421
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Shown below are the details of intangible assets as of December 31, 2013 and 2012:
 
 
 
Domain
Name
 
IP Sofware
 
Portfolios
 
Client Acquisition
Costs
 
Covenant Not to
Compete
 
Capitalized
Patent Cost
 
Website
Capitalization
Cost
 
Other
 
Total
 
Balance at January 1, 2012
 
$
6,787
 
$
-
 
 
 
 
 
 
 
 
 
 
$
34,801
 
$
75,875
 
$
2,500
 
$
119,963
 
Additions
 
 
66,964
 
 
-
 
 
-
 
 
-
 
 
 
 
 
7,150
 
 
53,769
 
 
-
 
 
127,883
 
Amortization
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
(4,032)
 
 
(129,644)
 
 
(2,500)
 
 
(136,176)
 
Balance at December 31, 2012
 
$
73,751
 
$
-
 
$
-
 
$
-
 
$
-
 
$
37,919
 
$
-
 
$
-
 
$
111,670
 
Additions
 
 
-
 
 
258,748
 
 
4,370,000
 
 
466,280
 
 
840,000
 
 
-
 
 
-
 
 
-
 
 
5,935,028
 
Amortization
 
 
-
 
 
(14,923)
 
 
(1,799,225)
 
 
(85,769)
 
 
(198,333)
 
 
(2,017)
 
 
-
 
 
-
 
 
(2,100,267)
 
Impairment
 
 
-
 
 
-
 
 
(872,354)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(872,354)
 
Divested
 
 
(73,751)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(35,902)
 
 
-
 
 
-
 
 
(109,653)
 
Balance at December 31, 2013
 
$
-
 
$
243,825
 
$
1,698,421
 
$
380,511
 
$
641,667
 
$
-
 
$
-
 
$
-
 
$
2,964,424
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The following table presents the estimated aggregate amortization expense of other intangible assets for the next five years ending December 31, 2014 - 2017.
 
2014
 
$
1,985,630
 
2015
 
 
643,332
 
2016
 
 
166,247
 
2017
 
 
56,405
 
Thereafter
 
 
112,810
 
Total
 
$
2,964,424