Intangible Assets |
At September 30, 2013, the Company had the following
intangible assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2013 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(124,136 |
) |
|
$ |
143,768 |
|
Trademarks
|
|
|
5,514,000 |
|
|
|
(588,898 |
) |
|
|
4,405,102 |
|
Customer relationships
|
|
|
8,963,000 |
|
|
|
(945,650 |
) |
|
|
8,537,350 |
|
Customer contracts
|
|
|
1,876,935 |
|
|
|
(1,599,000 |
) |
|
|
277,935 |
|
Technology
|
|
|
2,020,000 |
|
|
|
(16,833 |
) |
|
|
2,003,167 |
|
Product certification and licensing costs
|
|
|
61,017 |
|
|
|
(42,462 |
) |
|
|
18,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,702,856 |
|
|
$ |
(3,316,979 |
) |
|
$ |
15,385,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2012, the Company had the following intangible
assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net Carrying
Amount |
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(106,725 |
) |
|
$ |
161,179 |
|
Trademarks
|
|
|
4,314,000 |
|
|
|
(249,803 |
) |
|
|
4,064,197 |
|
Customer relationships
|
|
|
8,283,000 |
|
|
|
(486,983 |
) |
|
|
7,796,017 |
|
Product certification and licensing costs
|
|
|
61,017 |
|
|
|
(29,534 |
) |
|
|
31,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,925,921 |
|
|
$ |
(873,045 |
) |
|
$ |
12,052,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At September 30, 2013, the remaining estimated amortization
expense is as follows:
|
|
|
|
|
Year Ending December 31:
|
|
|
|
|
2013
|
|
$ |
376,929 |
|
2014
|
|
|
1,504,496 |
|
2015
|
|
|
1,498,218 |
|
2016
|
|
|
1,493,817 |
|
2017
|
|
|
1,493,817 |
|
Thereafter
|
|
|
9,018,600 |
|
|
|
|
|
|
|
|
$ |
15,385,877 |
|