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

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The following is a summary of activity related to intangible assets for the six months ended June 30, 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		(61,635	)		(173,689	)		(1,408	)		(236,732	)
Carrying Value at June 30, 2016	$	1,525,524		$	2,063,897		$	11,589		$	3,601,010

The following is a summary of intangible assets as of June 30, 2016:

	Customer Relationships			Intellectual Property			Non- Compete			Total
Cost	$	1,587,159		$	2,444,646		$	14,087		$	4,045,892
Accumulated amortization		(61,635	)		(380,749	)		(2,498	)		(444,882	)
Carrying Value at June 30, 2016	$	1,525,524		$	2,063,897		$	11,589		$	3,601,010

Schedule of future amortization expense of intangible assets

Future expected amortization of intangible assets is as follows:

Year Ending December 31,
2016	$	249,550
2017		494,950
2018		494,950
2019		494,950
2020		494,950
2021		496,631
Thereafter		875,029
	$	3,601,010