Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.3.1.900
Goodwill
12 Months Ended
Dec. 31, 2015
Goodwill [Abstract]  
Goodwill

8. Goodwill

 

Goodwill is summarized as follows:

 

2015

   

2014

 

Balance at January 1,

$ 45,180,531     $ 735,328  

Acquisition of NAPW

  -       44,445,203  

Increase in goodwill due to Old NAPW legal settlement

    133,693       -  

Impairment expense on NAPW

    (24,717,157 )     -  

Impairment expense on PDN

    (395,877     -  

Balance at December 31,

  $ 20,201,190     $  45,180,531