Quarterly report pursuant to Section 13 or 15(d)

3. INTANGIBLE ASSETS AND GOODWILL (Tables)

v2.4.0.6
3. INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2013
Intangible Assets, Net (Including Goodwill) [Abstract]  
Carrying value of intangible assets

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

 

   

 

 

Cost

   

Accumulated

Amortization

    Carrying Value    

Weighted Average

Amortization

Period (Years)

 
Amortized Identifiable Intangible Assets:                        
Subscriber lists – EthoStream   $ 2,900,000     $ (1,460,123 )   $ 1,439,877       12.0  
Total Amortized Identifiable Intangible Assets      2,900,000        (1,460,123 )      1,439,877          
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     $ (1,460,123 )   $ 10,010,323          

 

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

 

    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 amortization expense as of March 31, 2013 is as follows:

  

Remainder of 2013   $ 181,260  
2014     241,680  
2015     241,680  
2016     241,680  
2017     241,680  
2018 and after     291,897  
Total   $ 1,439,877