INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2017

NOTE 6.

INTANGIBLE ASSETS:

We amortize our intangible assets that have finite lives using the straight-line method. Amortization expense was $1,459,592 during the six months ended June 30, 2017. This amortization expense relates to customer lists and products capitalized on our balance sheet, which expire through 2020.

As of June 30, 2017, and December 31, 2016, capitalized intangible assets were as follows:

	June 30, 2017		December 31, 2016

Capitalized intangible assets	$	12,517,627	$	10,074,546
Accumulated amortization		1,459,592		1,309,842
Total intangible assets	$	11,058,035	$	8,764,704

Our amortization schedule is as follows:

Years ending December 31,	Amount
2017	$	1,470,513
2018		2,955,873
2019		2,727,968
2020		2,652,000
2021		1,251,681
Total	$	11,058,035

The Company’s intangible assets consist of the customer lists acquired from the Company’s acquisition of WinHire Inc, Ameri Georgia, Ameri Arizona, Virtuoso, Bigtech and Ameri California. The products acquired from the acquisition of Linear Logics. Corp. and the amount spent on improving those products are also categorized as intangible assets and are being amortized over the useful life of those products.