INTANGIBLE ASSETS, NET AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets consist of the following:

	December 31,			December 31,
	2015			2014
Software and other technology:
Biometric Handled Devices (HDR)	$	183,785		$	170,394
SRIO Mobil Payments Solution (SRIO)		130,603			121,731
MultiPay kiosk project		29,937			-
Payment Gateway SW		295,816			-
Tranxa Transaction / Switch SW		373,970			-
Phobos Management SW		118,754			-
Terminal Manager SW		179,331			-
Mobile Banking SW		261,446			-
ID Station Kiosk		10,818			10,818
Software		-			200,000
Other		31,609			-
Patents and Licenses		14,528			-
Total Intellectual Property		1,630,597			502,943
Noncompete agreements		14,087			-
Total Intangible assets		1,644,684			502,943
Less: accumulated amortization		(208,150	)		(81,169	)
Intangible Assets, Net	$	1,436,534		$	421,774

Schedule of future amortization expense of intangible assets

Future amortization expense of intangible assets for each of the years ended December 31 is as follows (in thousands):

2016	$	166,830
2017		165,928
2018		162,353
2019		160,707
2020		158,636
Thereafter		622,080
	$	1,436,534