Quarterly report pursuant to sections 13 or 15(d)

5. Intangible Assets (Tables)

v2.4.0.8
5. Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
Identifiable intangible assets

    June 30, 2013 (unaudited)   December 31, 2012
    Gross Carrying Amount   Accumulated Amortization   Total   Gross Carrying Amount   Accumulated Amortization   Total
Intangibles associated with the acquisition of NBS:                        
Trademarks and tradename   $ 563,000     $ (37,533 )   $ 525,467     $ 563,000     $ (9,383 )   $ 553,617  
Proprietary technology     1,903,000       (253,733 )     1,649,267       1,903,000       (63,433 )     1,839,567  
Non-compete agreement     3,257,000       (723,778 )     2,533,222       3,257,000       (180,944 )     3,076,056  
Customer contracts     9,824,000       (431,422 )     9,392,578       9,824,000       (107,856 )     9,716,144  
Favorable lease intangible     218,000       (29,067 )     188,933       218,000       (7,267 )     210,733  
Total acquired intangibles     15,765,000       (1,475,533 )     14,289,467       15,765,000       (368,883 )     15,396,117  
Other intangibles:                                                
Trademarks     315,745       (315,745 )     —         315,745       (315,745 )     —    
Intellectual property     86,397       (86,397 )     —         86,397       (86,397 )     —    
Total   $ 16,167,142     $ (1,877,675 )   $ 14,289,467     $ 16,167,142     $ (771,025 )   $ 15,396,117  

 

Estimated future aggregate amortization expense

  Year ending December 31:          
  2013     $ 1,106,650  
  2014       2,212,482  
  2015       2,031,538  
  2016       1,126,816  
  2017       1,056,116