Annual report pursuant to section 13 and 15(d)

6. Intangible Assets (Tables)

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6. Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
Schedule of identifiable intangible assets

Identifiable intangible assets as of December 31, 2012 and 2011 are comprised of:

 

      2012   2011
      Gross Carrying Amount   Accumulated Amortization   Total   Gross Carrying Amount   Accumulated Amortization   Total
Intangibles associated with the NBS transaction:                      
  Trademarks and tradename  $          563,000    $          (9,383)    $         553,617    $                      -       $                 -       $             -   
  Proprietary technology           1,903,000              (63,433)            1,839,567                            -                          -                      -   
  Non-compete agreement           3,257,000            (180,944)            3,076,056                            -                          -                      -   
  Customer contracts           9,824,000            (107,856)            9,716,144                            -                          -                      -   
  Favorable lease intangible              218,000                (7,267)               210,733                            -                          -                      -   
Other intangibles:                      
  Trademarks                315,745            (315,745)                         -                     315,745            (211,879)          103,866
  Intellectual property                86,397              (86,397)                         -                       86,397              (24,685)            61,712
  Total    $     16,167,142    $      (771,025)    $    15,396,117    $            402,142    $      (236,564)     $    165,578
Schedule of amortization expense of intangible assets
For the year ended December 31,  
2013    $    2,212,482
2014          2,212,482
2015          2,031,538
2016          1,126,816
2017          1,056,116