XML 46 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2013
Other Intangible Assets  
Schedule of carrying values of definite-lived intangible assets

 

 

 

 

Patents

 

Non-compete

 

Customer list

 

Total

 

Estimated useful life

 

14 years

 

5 years

 

5 years

 

 

 

Gross amount at September 30, 2013

 

$

428,806

 

$

512,000

 

$

2,046,436

 

$

2,987,242

 

Accumulated amortization at September 30, 2013

 

(428,806

)

(225,800

)

(866,895

)

(1,521,501

)

Net balance at September 30, 2013

 

$

 

$

286,200

 

$

1,179,541

 

$

1,465,741

 

Gross amount at December 31, 2012

 

$

428,806

 

$

512,000

 

$

2,306,436

 

$

3,247,242

 

Accumulated amortization at December 31, 2012

 

(428,806

)

(156,500

)

(577,995

)

(1,163,301

)

Net balance at December 31, 2012

 

$

 

$

355,500

 

$

1,728,441

 

$

2,083,941

 

Schedule of future amortization expense related to intangible assets

 

 

Remainder of:

 

 

 

2013

 

$

119,400

 

2014

 

392,933

 

2015

 

317,796

 

2016

 

317,796

 

2017

 

317,816

 

Total

 

$

1,465,741