INTANGIBLE ASSETS (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2015 |
Dec. 31, 2014 |
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Intangible asset | $ 9,729,216 | $ 0 |
Accumulated depreciation | (426,429) | 0 |
Amortizable intangibles | 3,700,000 | |
Intangible asset, net | $ 3,273,571 | 0 |
Amortization life | 2 years 8 months 16 days | |
DevelopedTechnology | ||
Intangible asset | $ 3,000,000 | 0 |
Amortization life | 7 years | |
Trademarks [Member] | ||
Intangible asset | $ 7,000,000 | 0 |
Amortization life | 5 years | |
Goodwill [Member] | ||
Intangible asset | $ 6,455,645 | $ 0 |
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- Definition Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of assets, excluding financial assets, that lack physical substance, having a limited useful life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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