Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The changes in the carrying amount of intangible assets for the year ended December 31, 2015 and 2014 were as follows:

	2015			2014
Balance at beginning of year	$	3,307,797		$	3,724,354
Addition: Acquisition of patent		125,000			-
Addition: Non-compete agreement		-			587,500
Deduction: Disposal of trademarks (Note 6)		(64,819	)		-
Deduction: Amortization expense		(897,851	)		(1,004,057	)
Balance at end of year	$	2,470,127		$	3,307,797

Schedule of Intangible Assets and Goodwill

The following table sets forth the components of intangible assets as of December 31, 2015 and 2014:

		As of December 31, 2015
	Estimated	Adjusted
	Useful	Carrying		Accumulated
	Life	Amount		Amortization			Net
Trade name	20 years	$	590,172	$	(271,924	)	$	318,248
Patents and copyrights	17 years		1,242,842		(576,680	)		666,162
Non-compete agreements	15 months		897,500		(897,500	)		-
Developed technology	7 years		3,941,310		(3,941,310	)		-
Non-contractual customer relationships	15 years		3,268,568		(1,782,851	)		1,485,717
		$	9,940,392	$	(7,470,265	)		2,470,127

	As of December 31, 2014
	Adjusted
	Carrying		Accumulated
	Amount		Amortization			Net
Trade name	$	704,458	$	(291,877	)	$	412,581
Patents and copyrights		1,117,842		(511,698	)		606,144
Non-compete agreements		897,500		(427,500	)		470,000
Developed technology		3,941,310		(3,829,900	)		111,410
Non-contractual customer relationships		3,268,568		(1,560,906	)		1,707,662
	$	9,929,678	$	(6,621,881	)		3,307,797

Finite-lived Intangible Assets Amortization Expense

The following summarizes amortization of acquisition related intangible assets included in the statement of operations:

	Years Ended December 31,
	2015		2014
Cost of sales	$	348,061	$	724,044
General and administrative		549,790		280,013
	$	897,851	$	1,004,057

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The Company expects that amortization expense for the next five succeeding years will be as follows:

2016	$	315,564
2017	$	315,564
2018	$	315,564
2019	$	290,897
2020	$	241,564