3. Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

3. Goodwill and Intangible Assets

Note 3 - Goodwill and Intangible Assets

The following is a schedule of our intangible assets from continuing operations as of June 30, 2012 (unaudited):

Description	Term		Carrying Value		Accumulated Amortization (1)			Net Carrying Value
Names database	9 months		$	15,674,650	$	(15,231,891	)	$	442,759
Customer list	20 years			8,820,000		(147,000	)		8,673,000
Customer list	10 years			1,610,000		(53,668	)		1,556,332
Bundled downloads	4.5 months			1,930,989		(1,410,350	)		520,639
Exclusivity and non-compete agreements	1 year			270,000		(190,000	)		80,000
Tradenames	5 years			960,000		(64,000	)		896,000
Tradenames		-		390,000		-			390,000
Total intangible assets			$	29,655,639	$	(17,096,909	)	$	12,558,730
Goodwill			$	6,067,270	$	-		$	6,067,270

(1) Amortization for  the three months ended June 30, 2012 and 2011 was approximately; names database $607,000 and $628,000, respectively, bundled downloads $269,000 and $0, respectively; customer lists $151,000 and $0, respectively; exclusivity and non-compete agreements $30,000 and $0, respectively; and trademarks $48,000 and $0, respectively. Amortization for the six months ended June 30, 2012 and 2011 was approximately; $1,106,000 and $1,199,000, respectively; bundled downloads $1,410,000 and $0, respectively; customer lists $201,000 and $0, respectively; exclusivity and non-compete agreements $40,000 and $0 respectively; and trademarks $64,000 and $0, respectively. Intangible assets with an amortization term of less than one year are shown in the current assets section of the consolidated balance sheets.

Our amortization expense over the next five years and thereafter as of June 30, 2012 is as follows:

2012	$	1,367,356
2013		867,041
2014		794,000
2015		794,000
2016		794,000
Thereafter		7,552,333
Total	$	12,168,730