| Goodwill and impairment |
| |
|
Goodwill |
|
| December 31, 2012 |
|
$ |
2,259,624 |
|
| Acquired |
|
|
1,915,408 |
|
| Impairment |
|
|
(1,066,068 |
) |
| December 31, 2013 |
|
|
3,108,964 |
|
| Acquired |
|
|
2,890,801 |
|
| Impairment |
|
|
(4,078,693 |
) |
| December 31, 2014 |
|
$ |
1,921,072 |
|
|
| Intangible assets |
| |
|
December 31, 2014 |
|
|
December 31, 2013 |
|
| |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted Average Useful Life (Years) |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted Average Useful Life (Years) |
|
| Patents and trademarks |
|
$ |
142,000 |
|
|
$ |
(33,048 |
) |
|
$ |
108,952 |
|
|
|
20 |
|
|
$ |
142,000 |
|
|
$ |
(23,902 |
) |
|
$ |
118,098 |
|
|
|
20.00 |
|
| Customer contracts |
|
|
628,502 |
|
|
|
(628,502 |
) |
|
|
- |
|
|
|
- |
|
|
|
1,069,900 |
|
|
|
(528,372 |
) |
|
|
541,528 |
|
|
|
5.88 |
|
| Customer and merchant relationships |
|
|
2,830,139 |
|
|
|
(1,290,139 |
) |
|
|
1,540,000 |
|
|
|
10 |
|
|
|
1,128,583 |
|
|
|
(1,128,583 |
) |
|
|
- |
|
|
|
4.78 |
|
| Trade name |
|
|
353,192 |
|
|
|
(201,192 |
) |
|
|
152,000 |
|
|
|
10 |
|
|
|
199,750 |
|
|
|
(177,359 |
) |
|
|
22,391 |
|
|
|
5.00 |
|
| Acquired technology |
|
|
686,135 |
|
|
|
(476,135 |
) |
|
|
210,000 |
|
|
|
10 |
|
|
|
573,550 |
|
|
|
(391,252 |
) |
|
|
182,298 |
|
|
|
4.72 |
|
| Non-compete agreement |
|
|
90,462 |
|
|
|
(90,462 |
) |
|
|
- |
|
|
|
- |
|
|
|
132,083 |
|
|
|
(61,082 |
) |
|
|
71,001 |
|
|
|
2.90 |
|
| |
|
$ |
4,730,430 |
|
|
$ |
(2,719,478 |
) |
|
$ |
2,010,952 |
|
|
|
|
|
|
$ |
3,245,866 |
|
|
$ |
(2,310,550 |
) |
|
$ |
935,316 |
|
|
|
|
|
|
| Future amortization intangible assets |
| Year ending December 31, |
|
Amount |
|
| 2015 |
|
$ |
214,769 |
|
| 2016 |
|
|
214,769 |
|
| 2017 |
|
|
214,769 |
|
| 2018 |
|
|
214,769 |
|
| 2019 |
|
|
214,769 |
|
| Thereafter |
|
|
937,107 |
|
| Total |
|
$ |
2,010,952 |
|
|