Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.4.0.3
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2016
Goodwill and Intangibles Assets [Abstract]  
Intangible Assets



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Balance at

December 31,

2015

 

Additions

 

Impairments

 

Amortization

 

Balance at

March 31,

2016

Patents and trademarks

 

$

 78,931 

 

$

 10,000 

 

$

 -

 

$

 (1,974)

 

$

 86,957 

Customer and merchant relationships

 

 

 1,373,513 

 

 

 -

 

 

 -

 

 

 (41,621)

 

$

 1,331,892 

Trade name

 

 

 135,567 

 

 

 -

 

 

 -

 

 

 (4,108)

 

$

 131,459 

Acquired technology

 

 

 187,298 

 

 

 -

 

 

 -

 

 

 (5,676)

 

$

 181,622 



 

$

 1,775,309 

 

$

 10,000 

 

$

 -

 

$

 (53,379)

 

$

 1,731,930 



Future Amortization Intangible Assets



 

 

 



 

 

 

Year ending December 31,

 

Amount

2016

 

$

 160,139 

2017

 

 

 213,519 

2018

 

 

 213,519 

2019

 

 

 213,519 

2020

 

 

 213,519 

Thereafter

 

 

 717,715 

Total

 

$

 1,731,930