Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.5.0.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Intangible Assets
September 30, 2016
 
Useful Lives
(Years)
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
Long-lived intangible assets:
                       
Sales Process
   
10
   
$
3,970,000
   
$
(799,514
)
 
$
3,170,486
 
Paid Member Relationships
   
5
     
890,000
     
(358,472
)
   
531,528
 
Member Lists
   
5
     
8,957,000
     
(3,607,681
)
   
5,349,319
 
Developed Technology
   
3
     
978,000
     
(636,666
)
   
341,334
 
Trade Name/Trademarks
   
4
     
480,000
     
(239,861
)
   
240,139
 
Customer Relationships
   
5
     
280,000
     
(102,667
)
   
177,333
 
 
           
15,555,000
     
(5,744,861
)
   
9,810,139
 
Indefinite-lived intangible assets:
                               
Trade Name
                           
90,400
 
 
                               
Intangible assets, net
                         
$
9,900,539
 
 
December 31, 2015
 
Useful Lives
(Years)
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
Long-lived intangible assets:
                       
Sales Process
   
10
   
$
3,970,000
   
$
(501,764
)
 
$
3,468,236
 
Paid Member Relationships
   
5
     
890,000
     
(224,972
)
   
665,028
 
Member Lists
   
5
     
8,957,000
     
(2,264,131
)
   
6,692,869
 
Developed Technology
   
3
     
978,000
     
(392,167
)
   
585,833
 
Trade Name/Trademarks
   
4
     
480,000
     
(149,860
)
   
330,140
 
Customer Relationships
   
5
     
280,000
     
(60,667
)
   
219,333
 
 
           
15,555,000
     
(3,593,561
)
   
11,961,439
 
Indefinite-lived intangible assets:
                               
Trade Name
                           
90,400
 
 
                               
Intangible assets, net
                         
$
12,051,839
 
Schedule of Future Annual Estimated Amortization Expense
Years ending December 31,
     
2016 (three months)
 
$
717,100
 
2017
   
2,802,233
 
2018
   
2,563,872
 
2019
   
1,846,697
 
2020
   
397,000
 
2021
   
397,000
 
Thereafter
   
1,086,237
 
 
 
$
9,810,139