Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired intangible assets:

	September 30, 2017
	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Customer relationships		10	$	4,450,000	$	617,499	$	3,832,501
Developed technologies		9		1,080,000		109,463		970,537
Tradename		3		120,000		16,667		103,333
Non-compete agreement		3		67,000		39,940		27,060
Total intangible assets, net		10	$	5,717,000	$	783,569	$	4,933,431

	December 31, 2016
	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
Customer relationships		10	$	3,150,000	$	327,082	$	2,822,918
Developed technologies		5		280,000		37,091		242,909
Non-compete agreement		3		67,000		23,190		43,810
Total intangible assets, net		10	$	3,497,000	$	387,363	$	3,109,637

Schedule of Estimated Annual Amortization of Intangible Assets

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $74,402 and $93,338 for the three months ended September 30, 2017 and 2016, respectively, and $396,206 and $276,004 for the nine months ended September 30, 2017 and 2016, respectively.

	Estimated Future Amortization
2017 (remaining three months)	$	159,846
2018		638,529
2019		617,052
2020		589,667
2021		560,420
Thereafter		2,367,917
Total	$	4,933,431