Quarterly report pursuant to Section 13 or 15(d)

C. INTANGIBLE ASSETS AND GOODWILL (Tables)

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C. INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying value of intangible assets

Total identifiable intangible assets acquired and their carrying values at September 30, 2013 are:

 

   

 

 

Cost

    Accumulated
Amortization
    Carrying Value     Weighted Average
Amortization
Period (Years)
 
Amortized Identifiable Intangible Assets:                        
Subscriber lists – EthoStream   $ 2,900,000     $ (1,580,963 )   $ 1,319,037       12.0  
Total Amortized Identifiable Intangible Assets     2,900,000       (1,580,963 )     1,319,037          
Goodwill – EthoStream     5,796,430             5,796,430          
Goodwill – SSI     2,774,016             2,774,016          
Total Goodwill     8,570,446             8,570,446          
Total   $ 11,470,446     $ (1,580,963 )   $ 9,889,483          

 

Total identifiable intangible assets acquired and their carrying values at December 31, 2012 are:

 

    Original
Cost
    Accumulated
Amortization
    Accumulated Impairment     Carrying Value     Weighted Average
Amortization Period
(Years)
 
Amortized Identifiable Intangible Assets:                              
Subscriber lists – EthoStream   $ 2,900,000     $ (1,399,703 )   $     $ 1,500,297       12.0  
Total Amortized Identifiable Intangible Assets     2,900,000       (1,399,703 )           1,500,297          
Goodwill – EthoStream     8,796,430             (3,000,000 )     5,796,430          
Goodwill – SSI     5,874,016             (3,100,000 )     2,774,016          
Total Goodwill     14,670,446               (6,100,000 )     8,570,446          
Total   $ 17,570,446     $ (1,399,703 )   $ (6,100,000 )   $ 10,070,743          

 

Estimated amortization expense

Estimated future amortization expense as of September 30, 2013 is as follows:

  

Remainder of 2013   $ 60,420  
2014     241,680  
2015     241,680  
2016     241,680  
2017     241,680  
2018 and after     291,897  
Total   $ 1,319,037