Quarterly report pursuant to Section 13 or 15(d)

4. Intangible Assets (Tables)

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4. Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Identifiable intangible assets

 

    September 30,     December 31,  
    2016     2015  
             
Trademarks and tradenames   $ 1,093,400     $ 1,093,400  
Proprietary technology     6,670,000       5,781,000  
Non-compete agreements     10,711,043       10,703,043  
Customer relationships     45,000,181       44,888,181  
Favorable lease intangible     218,000       218,000  
      63,692,624       62,683,624  
   Less: accumulated amortization     (20,965,072 )     (16,859,225 )
   Intangible assets, net   $ 42,727,552     $ 45,824,399  

Estimated future aggregate amortization expense

Year     Estimated Annual Amortization Expense  
Remainder of        
2016     $ 2,038,362  
2017     6,065,102  
2018     5,318,305  
2019     4,293,561  
2020     4,500,563  
and thereafter   $ 20,511,659