Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of goodwill and intangible assets
 
         
June 30, 2013
 
   
Estimated life
in years
   
Gross amount
   
Accumulated Amortization
 
                   
Goodwill
 
Indefinite
    $ 2,201,828       -  
                       
     Intangible assets not subject to amortization
                     
     Trademarks
 
Indefinite
      294,268       -  
     Intangible assets subject to amortization
                     
     Customer list
    5 - 15       897,274       473,084  
     Non-compete agreements
    4       262,147       199,340  
                         
Total Intangible Assets
            1,453,689       672,424  
                         
Total Goodwill and Intangible Assets
          $ 3,655,517     $ 672,424  
 
Scheduled amortization over next five years
 
Year ending June 30,
     
2014
 
$
242,261
 
2015
   
173,254
 
2016
   
30,635
 
2017
   
30,635
 
2018
   
10,212
 
Total
 
$
486,997