Note 4. Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Components of goodwill and intangible assets

	December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770,000	$	(1,408,920	)	$	361,080
Customer relationships		1,747,000		(564,810	)		1,182,190
Proprietary software		782,000		(526,508	)		255,492
Trademarks – definite-lived		173,000		(12,466	)		160,534
Trademarks – indefinite-lived		232,000		-			232,000
Total intangible assets	$	4,704,000	$	(2,512,704	)	$	2,191,296
	December 31, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770,000	$	(891,585	)	$	878,415
Customer relationships		1,747,000		(318,809	)		1,428,191
Proprietary software		782,000		(306,972	)		475,028
Trademarks – indefinite-lived		952,000		—			952,000
Total intangible assets	$	5,251,000	$	(1,517,366	)	$	3,733,634

Schedule of future amortization of intangible assets

Years Ending December 31:
2016	$	811,079
2017		332,964
2018		322,733
2019		286,042
2020		178,599
Thereafter		27,879
Total	$	1,959,296

Accesswire

Fair value of acquired intangible assets and goodwill

Total Consideration	$	1,840,000
Allocation of Accesswire intangible assets and goodwill:
Amortizable intangible assets	$	423,000
Trademarks		232,000
Goodwill		1,185,000
Total fair value of Accesswire intangible assets and goodwill	$	1,840,000

Amortizable intangible assets

	Asset Amount		Useful Life (years)
Client relationships	$	242,000		7
Software		181,000		5
	$	423,000