Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2014
Goodwill And Intangible Assets Tables  
Goodwill and impairment

During the three months ended March 31, 2014, the following intangible assets were purchased with the following useful lives:

 

SmartReceipt, Inc.:

    Fair value   Useful Life
Merchant relationships   $ 2,010,000   10 years
Trade name     176,000   10 years
Developed technology     260,000   10 years
Intangible assets
    Fair value   Useful Life
Merchant relationships   $ 2,010,000   10 years
Trade name   $ 176,000   10 years
Developed technology   $ 260,000   10 years

 

Future amortization intangible assets

 

Year ending December 31,   Amount  
2014   $ 342,693  
2015     462,976  
2016     385,040  
2017     339,669  
2018     333,820  
Thereafter     1,450,885  
Total   $ 3,315,083