INTANGIBLE ASSETS, NET (OTHER THAN GOODWILL) (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The following is a summary of activity related to intangible assets for the three months ended March 31, 2016:

	Customer Relationships			Intellectual Property			Non- Compete
Useful Lives	10 Years			7 Years			5 Years			Total
Carrying Value at December 31, 2015	$	-		$	1,423,537		$	12,997		$	1,436,534
Additions		1,587,159			814,049			-			2,401,208
Amortization		(21,956	)		(71,406	)		(704	)		(94,066	)
Carrying Value at March 31, 2016	$	1,565,203		$	2,166,180		$	12,293		$	3,743,676

The following is a summary of intangible assets as of March 31, 2016:

	Customer Relationships			Intellectual Property			Non- Compete			Total
Cost	$	1,587,159		$	2,444,646		$	14,087		$	4,045,892
Accumulated amortization		(21,956	)		(278,466	)		(1,794	)		(302,216	)
Carrying Value at March 31, 2016	$	1,565,203		$	2,166,180		$	12,293		$	3,743,676

Schedule of future amortization expense of intangible assets

Future expected amortization of intangible assets is as follows:

Fiscal Year Ending December 31,
2016	$	374,326
2017		494,950
2018		494,950
2019		494,950
2020		494,950
2021		496,631
Thereafter		892,919
	$	3,743,676