Intangible Assets

9 Months Ended

Sep. 30, 2014

Intangible Assets

Intangible Assets

8. Intangible Assets

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets as of September 30, 2014 are as follows:

	Weighted Average	Gross Carrying		Accumulated
	Amortization Period	Amount		Amortization			Total
Acquired technology	8 years	$	17,696,835	$	(15,971,989	)	$	1,724,846
Customer relationships	8 years	1,260,000		(940,083		)	319,917
Trademark	5 years	60,000		(6,000		)	54,000
		$	19,016,835	$	(16,918,072	)	$	2,098,763

The gross carrying amount and accumulated amortization of the Company’s acquired identifiable intangible assets as of December 31, 2013 are as follows:

	Weighted Average	Gross Carrying		Accumulated
	Amortization Period	Amount		Amortization			Total
Acquired technology	8 years	$	17,036,835	$	(14,301,907	)	$	2,734,928
Customer relationships	8 years	1,000,000		(833,333		)	166,667
		$	18,036,835	$	(15,135,240	)	$	2,901,595

The change in the gross carrying amount of the acquired technology, customer relationships, and trademarks from December 31, 2013 to September 30, 2014 is due to the acquisition of ReliOn.