Intangible Assets, net

9 Months Ended

Sep. 30, 2014

4. Intangible Assets, net

The following presents a summary of intangible assets, net, as of September 30, 2014 and December 31, 2013:

	September 30, 2014			December 31, 2013
	(Unaudited)
Covenant not to compete	$	933		$	933
Trade names and trademarks	9,820			9,820
Proprietary know how	34,650			34,650
Management contract rights	81,000			81,000
Accumulated amortization	(31,557		)	(20,181		)
Intangible assets, net	$	94,846		$	106,222

Amortization expense related to intangible assets included in depreciation and amortization was $3,779 and $3,877 for the three months ended September 30, 2014 and 2013, respectively, and $11,376 and $12,853 for the nine months ended September 30, 2014 and 2013, respectively.