Annual report pursuant to Section 13 and 15(d)

2. Significant Accounting Policies (Tables)

v3.3.1.900
2. Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Significant Accounting Policies Tables  
Provisions Against Revenue
    Balance at Beginning of Period     Additions to reserve     Posted Credits and other adjustments     Balance at End of Period  
                         
Year ended December 31, 2015   $ 312,187     $ 1,852,168     $ 1,941,310     $ 223,045  
                                 
Year ended December 31, 2014   $ 171,425     $ 1,986,306     $ 1,845,544     $ 312,187  

 

Summary of the changes in allowance for doubtful accounts
    Balance at Beginning of Period     Additions - charged to expense     Deductions - Write-offs, Payments and Other Adjustments     Balance at End of Period  
                         
Year ended December 31, 2015   $ 245     $ 435     $ 371     $ 309  
                                 
Year ended December 31, 2014   $ 381     $ 560     $ 696     $ 245  
Business acquisition cost for goodwill
Balance at December 31, 2013   $ 5,124,130  
Increase in goodwill - PingTone acquisition     5,175,372  
Adjustment to the preliminary purchase price of Broadvox     97,958  
Balance at December 31, 2014     10,397,460  
Increase in goodwill - RootAxcess acquisition     159,866  
Increase in goodwill - Fidelity acquisition     16,502,971  
Balance at December 31, 2015   $ 27,060,297  
Estimated useful lives
Asset   Estimated Useful Lives
     
Network equipment   5  - 7  Years
Furniture and fixtures   3  - 7  Years
Computer equipment and software   3  - 5  Years
Customer premise equipment   2  - 3  Years