Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.8
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2013
Intangible Assets Subject to Amortization

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   
  

 

 

    

 

 

   

 

 

 
Estimated Annual Amortization Expense

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