| Schedule of total purchased intangible assets |
| |
|
Balance at |
|
|
|
|
|
|
|
|
Balance at |
|
| |
|
December 31, 2012 |
|
|
Additions |
|
|
Amortization |
|
|
September 30, 2013 |
|
| Patents and trademarks |
|
$ |
111,620 |
|
|
$ |
- |
|
|
$ |
(6,298 |
) |
|
$ |
105,322 |
|
| Customer contracts |
|
|
78,765 |
|
|
|
813,000 |
|
|
|
(60,259 |
) |
|
|
831,506 |
|
| Customer and merchant relationships |
|
|
29,056 |
|
|
|
203,000 |
|
|
|
(27,921 |
) |
|
|
204,135 |
|
| Trade name |
|
|
30,588 |
|
|
|
76,000 |
|
|
|
(12,566 |
) |
|
|
94,022 |
|
| Acquired technology |
|
|
193,458 |
|
|
|
167,000 |
|
|
|
(52,775 |
) |
|
|
307,683 |
|
| Non-compete agreement |
|
|
625 |
|
|
|
124,000 |
|
|
|
(15,601 |
) |
|
|
109,024 |
|
| |
|
$ |
444,112 |
|
|
$ |
1,383,000 |
|
|
$ |
(175,420 |
) |
|
$ |
1,651,692 |
|
Sequence, LLC:
| |
|
Fair value |
|
Useful Life |
| Merchant relationships |
|
$ |
181,000 |
|
12 years |
| Trade name |
|
|
76,000 |
|
5 years |
| Developed technology |
|
|
71,000 |
|
5 years |
Front Door Insights LLC:
| |
|
Fair value |
|
Useful Life |
| Contracts |
|
$ |
813,000 |
|
7 years |
| Customer relationships |
|
|
22,000 |
|
12 years |
| Developed technology |
|
|
96,000 |
|
5 years |
| Non-compete agreement |
|
|
124,000 |
|
3 years |
|
| Future amortization expense of purchased intangible |
| Year ending December 31, |
|
Amount |
|
| 2013 |
|
$ |
87,081 |
|
| 2014 |
|
|
319,268 |
|
| 2015 |
|
|
319,268 |
|
| 2016 |
|
|
245,281 |
|
| 2017 |
|
|
190,064 |
|
| Thereafter |
|
|
490,730 |
|
| Total |
|
$ |
1,651,692 |
|
|