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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016 were as follows:

 

    2017     2016  
Balance at beginning of year   $ 2,154,563     $ 2,470,127  
Deduction: Impairment charge     (1,375,422 )     -  
Deduction: Amortization expense     (315,563 )     (315,564 )
Balance at end of year   $ 463,578     $ 2,154,563  

Schedule of Intangible Assets and Goodwill

The following table sets forth the components of intangible assets as of December 31, 2017 and 2016:

 

          As of December 31, 2017  
    Estimated     Adjusted              
    Useful     Carrying     Accumulated        
    Life     Amount     Amortization     Net  
                         
Trade name     2 years     $ 339,590     $ (324,060 )   $ 15,530  
Patents and copyrights     12-17 years       954,915       (711,781 )     243,134  
Non-contractual customer relationships     2-10 years       2,522,228       (2,226,741 )     295,481  
            $ 3,816,733     $ (3,262,582 )   $ 554,151  

 

    As of December 31, 2016  
    Adjusted              
    Carrying     Accumulated        
    Amount     Amortization     Net  
                   
Trade name   $ 339,590     $ (297,992 )   $ 15,530  
Patents and copyrights     954,915       (644,231 )     243,134  
Non-contractual customer relationships     2,431,655       (2,004,796 )     204,914  
    $ 3,726,160     $ (2,947,019 )     463,578  

Schedule of 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,  
    2017     2016  
             
Cost of sales   $ 236,651     $ 236,651  
General and administrative     78,912       78,913  
    $ 315,563     $ 315,564  

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:

 

2018   $ 157,003  
2019     132,336  
2020     24,980  
2021     24,980  
2022     24,980