Acquisitions, Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2012

Other intangible assets

Other intangible assets consisted of the following at June 30, 2012:

	Gross Carrying Amount		Accumulated Amortization			Weighted Average Useful Life (in years)
Technology – developed	$	1,399,641	$	(269,344	)		8
Patents		240,000		(72,500	)		8
Customer relationships		6,378,659		(499,667	)		8
Total other intangible assets	$	8,018,300	$	(841,511	)		8

Other intangible assets consisted of the following at December 31, 2011:

	Gross Carrying Amount		Accumulated Amortization			Weighted Average Useful Life (in years)
Technology – developed	$	1,413,564	$	(184,402	)		8
Patents		240,000		(57,500	)		8
Customer relationships		6,508,147		(124,570	)		8
Total other intangible assets	$	8,161,711	$	(366,472	)		8