Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

Intangible Assets

Intangible assets consisted of the following at March 31, 2014:

	Gross Carrying Amount		Accumulated Amortization			Weighted Average Useful Life (in years)
Technology – developed	$	1,453,006	$	(581,084	)		8
Patents		240,000		(125,000	)		8
Customer relationships		6,874,961		(1,946,778	)		8
Total intangible assets	$	8,567,967	$	(2,652,862	)		8

Intangible assets consisted of the following at December 31, 2013:

	Gross Carrying Amount		Accumulated Amortization			Weighted Average Useful Life (in years)
Technology – developed	$	1,455,382	$	(537,589	)		8
Patents		240,000		(117,500	)		8
Customer relationships		6,897,052		(1,749,713	)		8
Total intangible assets	$	8,592,434	$	(2,404,802	)		8