Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
9 Months Ended
Sep. 30, 2015
Intangible Assets [Abstract]  
Intangible Assets

6. Intangible Assets

Intangible assets, net is as follows:

 

September 30, 2015   Useful Lives
(Years)
    Gross
Carrying
Amount
    Accumulated Amortization      Net Carrying
Amount 
Long-lived intangible assets:                      
Sales Process                        10   $ 3,970,000   $          (402,514 ) $         3,567,486
Paid Member Relationships                          5     890,000                  (180,472 )
             709,528
Member Lists                          5            8,957,000                (1,816,281 )             7,140,719
Developed Technology                          3               978,000                (310,667 )                667,333
Trade Name/Trademarks                          4              480,000                  (119,861 )                360,139
Customer Relationships                          5               280,000                  (46,666 )                233,334
               15,555,000             (2,876,461 )           12,678,539
Indefinite-lived intangible assets:                      
Trade Name                                    90,400
                       
Intangible assets, net                   $       12,768,939

 

Future annual estimated amortization expense is summarized as follows:

 

Years ending December 31,        
2015 (three months)   $        717,100  
2016              2,868,400  
2017              2,802,233  
2018              2,563,872  
2019              1,846,697  
Thereafter              1,880,237  
    $      12,678,539