Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Tables  
Intangible assets

The following table presents details of our purchased intangible assets as of June 30, 2015 and December 31, 2014:

 

   

Balance at

December 31, 2014

     Additions     Amortization    

Balance at

June 30, 2015

  
Patents and trademarks   $ 108,952     $ -     $ (4,573 )   $ 104,379  
Customer and merchant relationships     1,540,000       -       (83,244 )     1,456,756  
Trade name     152,000       -       (8,216 )     143,784  
Acquired technology     210,000       -       (11,351 )     198,649  
 Total   $ 2,010,952     $ -     $ (107,384 )   $ 1,903,568  

 
Future amortization intangible assets

The estimated future amortization expense of our intangible assets as of June 30, 2015 is as follows:

 

Year ending December 31,   Amount  
2015   $ 158,790  
2016     214,769  
2017     214,769  
2018     214,770  
2019     214,770  
Thereafter     885,700  
Total   $ 1,903,568