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, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying value of intangible assets

Total identifiable intangible assets acquired and their carrying values at September 30, 2014 are:

 

    Cost    

Accumulated

Amortization

    Accumulated Impairment     Carrying Value    

Weighted Average

Amortization Period

(Years)

 
Amortized Identifiable Intangible Assets:                              
Subscriber lists – EthoStream   $ 2,900,000     $ (1,822,643 )   $     $ 1,077,357       12.0  
Total Amortized Identifiable Intangible Assets     2,900,000       (1,822,643 )           1,077,357          
Goodwill – EthoStream   8,796,430             (3,000,000)        5,796,430          
Total Goodwill   8,796,430             (3,000,000)       5,796,430          
Total   $ 11,696,430     $ (1,822,643 )   $ (3,000,000)     $ 6,873,787          

 

Total identifiable intangible assets acquired and their carrying values at December 31, 2013 are:

 

    Cost    

Accumulated

Amortization

    Accumulated Impairment     Carrying Value    

Weighted Average

Amortization Period

(Years)

 
Amortized Identifiable Intangible Assets:                              
Subscriber lists – EthoStream   $ 2,900,000     $ (1,641,383 )   $     $ 1,258,617       12.0  
Total Amortized Identifiable Intangible Assets     2,900,000       (1,641,383 )           1,258,617          
Goodwill – EthoStream   8,796,430             (3,000,000)       5,796,430          
Goodwill – SSI   5,874,016             (5,874,016)         -          
Total Goodwill   14,670,446             (8,874,016)       5,796,430          
Total   $ 17,570,446     $ (1,641,383 )   $ (8,874,016)     $ 7,055,047          

 

Estimated amortization expense
Remainder of 2014   $ 60,420  
2015     241,680  
2016     241,680  
2017     241,680  
2018     241,680  
2019     50,217  
Total   $ 1,077,357