7.	Goodwill and Intangible Assets

The Company has recorded goodwill of $18,555,578 as of September 30, 2016. There were no changes in the carrying amount of goodwill during the nine month period ended September 30, 2016. The Company considered whether there were indicators of impairment during the nine month period ended September 30, 2016.

The Company has recorded intangible assets of $4,761,199, consisting of purchased intangibles and internally developed software used in the conduct of business. For the three month period ended September 30, 2016, the Company capitalized internally developed software costs of approximately $246,900, of which $127,300 related to Certificate-on-Device (CoD) credentialing tools and applications and $119,600 related to costs associated with certification of our Public Key Infrastructure (PKI) authority to operate and issue identity credentials. For the nine month period ended September 30, 2016, the Company capitalized internally developed software costs of approximately $480,300, of which $343,900 related to CoD credentialing tools and applications, $119,600 related to costs associated with our PKI authority to operate and issue identity credentials and the remainder related to other software applications. There were no disposals of intangible assets for the three and nine month periods ended September 30, 2016 and 2015.

The aggregate amortization expense recorded for the three month periods ended September 30, 2016 and 2015 were approximately $286,800 and $272,700, respectively. The aggregate amortization expense recorded for the nine month periods ended September 30, 2016 and 2015 were approximately $820,700 and $803,500, respectively. The total weighted remaining average life of purchased and internally developed intangible assets is approximately 5.8 years at September 30, 2016.