Intangible Assets

The Company’s intangible assets are comprised of purchased intangibles consisting of customer relationships, channel relationships, telecommunications software, trade names and trademarks and non-compete agreements. The Company’s intangible assets also include internally developed software used in the sales and delivery of its information technology service offerings. The following table summarizes purchased and internally developed intangible assets subject to amortization as follows:

	DECEMBER 31, 2015
							Weighted
							Average
	Gross Carrying		Accumulated		Net Book		Amortization
	Amount		Amortization		Value		Period

Customer Relationships	$	1,980,000	$	(990,000)	$	990,000		5.5
Channel Relationships		3,168,080		(724,009)		2,444,071		13.5
Telecommunications Software		2,593,936		(1,409,268)		1,184,668		2.7
Cybersecurity Software		325,138		(114,551)		210,587		3.0
Trade Name and Trademarks		360,472		(88,275)		272,197		9.0

	$	8,427,626	$	(3,326,103)	$	5,101,523

	DECEMBER 31, 2014
							Weighted
							Average
	Gross Carrying		Accumulated		Net Book		Amortization
	Amount		Amortization		Value		Period

Customer Relationships	$	2,890,000	$	(1,652,500)	$	1,237,500		5.5
Channel Relationships		3,168,080		(440,804)		2,727,276		13.5
Telecommunications Software		3,113,936		(1,528,374)		1,585,562		2.7
Cybersecurity Software		271,219		(134,377)		136,842		3.0
Trade Name and Trademarks		515,472		(209,660)		305,812		9.0
Non-Compete Agreements		780,000		(780,000)		-		5.0

	$	10,738,707	$	(4,745,715)	$	5,992,992

Purchased Intangibles

For the years ended December 31, 2015 and 2013, the Company did not recognize any acquisition related intangible assets. For the year ended December 31, 2014, the Company completed the acquisition of SCL and recognized intangible assets totaling approximately $3,582,500.

For the year ended December 31, 2015 the Company disposed of fully amortized purchased intangible assets with a historical cost and accumulated amortization of approximately $2.5 million, respectively. For the years ended December 31, 2014 and 2013, the Company did not dispose of any intangible assets. See Note 3 for additional information about the fair value adjustments recorded to intangible assets in connection with these business combinations.

Internally Developed

For the years ended December 31, 2015 and 2014 the Company recorded capitalized software costs related to our Cybersecurity software totaling approximately $186,300 and $138,800, respectively. For the years ended December 31, 2015, 2014 and 2013, the Company did not dispose of any internally developed intangible assets.

The total weighted average remaining life of purchased and internally developed intangible assets is approximately 5.4 years and 1.2 years, respectively, at December 31, 2015.

The following table summarizes reflects estimated future amortization for purchased intangible assets for fiscal years ending December 31:

2016	$	1,067,676
2017		903,293
2018		551,845
2019		515,630
2020		268,131
Thereafter		1,794,948

Total	$	5,101,523

The aggregate amortization expense recorded was approximately $1,077,800, $1,341,548 and $1,356,000 for the years ended December 31, 2015, 2014 and 2013, respectively.