Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.3.1.900
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Intangible Assets Tables  
Schedule of intangible assets

        2015   2014
Amortized   Amortization Lives   Cost   Cost
Developed Technology   7   $    3,000,000   $                   --
Trademark   5   700,000   --
Total       3,700,000   --
Less Accumulated Amortization       (426,429)   --
Net       3,273,571                      --
             
Non Amortized            
Goodwill       6,455,645   --
             
Total       $9,729,216   --

 
Future amortization of intangible assets
Year ending December 31,           Estimated Amortization Expense
2016           $         569,000
2017           569,000
2018           569,000
2019           569,000
2020           464,000
Thereafter           534,000
            $      3,274,000