| Goodwill and Purchased Intangibles |
The following table presents details of the
Company’s total purchased intangible assets as of December 31, 2012:
| |
|
Balance at |
|
|
|
|
|
|
|
|
Balance at |
|
| |
|
December 31, 2011 |
|
|
Amortization |
|
|
Impairment |
|
|
December 31, 2012 |
|
| Patents and trademarks |
|
$ |
120,016 |
|
|
$ |
(8,396) |
|
|
$ |
- |
|
|
$ |
111,620 |
|
| Customer contracts |
|
|
103,000 |
|
|
|
(24,235) |
|
|
|
- |
|
|
|
78,765 |
|
| Customer relationships |
|
|
496,999 |
|
|
|
(349,094) |
|
|
|
(118,849) |
|
|
|
29,056 |
|
| Trade name |
|
|
70,750 |
|
|
|
(40,162) |
|
|
|
- |
|
|
|
30,588 |
|
| Technology / IP |
|
|
322,116 |
|
|
|
(102,111) |
|
|
|
(26,547) |
|
|
|
193,458 |
|
| Non-compete |
|
|
3,625 |
|
|
|
(3,000) |
|
|
|
- |
|
|
|
625 |
|
| |
|
$ |
1,116,506 |
|
|
$ |
(526,998) |
|
|
$ |
(145,396) |
|
|
$ |
444,112 |
|
The following table presents details of the Company’s total
purchased intangible assets as of December 31, 2011:
| |
|
Balance at |
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
| |
|
December 31, 2010 |
|
|
Additions |
|
|
Amortization |
|
|
Impairment |
|
|
December 31, 2011 |
|
| Patents and trademarks |
|
$ |
- |
|
|
$ |
127,000 |
|
|
$ |
(6,984) |
|
|
|
- |
|
|
$ |
120,016 |
|
| Customer contracts |
|
|
- |
|
|
|
1,026,000 |
|
|
|
(153,900) |
|
|
|
(769,100) |
|
|
|
103,000 |
|
| Customer relationships |
|
|
- |
|
|
|
1,406,000 |
|
|
|
(428,584) |
|
|
|
(480,417) |
|
|
|
496,999 |
|
| Trade name |
|
|
- |
|
|
|
140,000 |
|
|
|
(53,000) |
|
|
|
(16,250) |
|
|
|
70,750 |
|
| Technology / IP |
|
|
- |
|
|
|
458,000 |
|
|
|
(84,434) |
|
|
|
(51,450) |
|
|
|
322,116 |
|
| Non-compete |
|
|
- |
|
|
|
16,000 |
|
|
|
(4,458) |
|
|
|
(7,917) |
|
|
|
3,625 |
|
| |
|
$ |
- |
|
|
$ |
3,173,000 |
|
|
$ |
(731,360) |
|
|
$ |
(1,325,134) |
|
|
$ |
1,116,506 |
|
|
| Future amortization expense of purchased intangible |
The estimated future amortization expense of purchased intangible
assets as of December 31, 2012 is as follows:
| Year ending December 31, |
|
Amount |
|
| 2013 |
|
$ |
125,956 |
|
| 2014 |
|
|
96,275 |
|
| 2015 |
|
|
96,275 |
|
| 2016 |
|
|
47,570 |
|
| 2017 |
|
|
8,396 |
|
| Thereafter |
|
|
69,640 |
|
| |
|
$ |
444,112 |
|
|