Goodwill (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill Disclosure [Abstract]

Schedule of Goodwill

Goodwill reflects the value or premium of the acquisition price in excess of the fair values assigned to specific tangible and intangible assets. Goodwill has an indefinite useful life and therefore is not amortized as an expense, but is reviewed annually for impairment of its fair value to the Company. Goodwill was recorded on the asset purchase of the XTRAC and VTRAC businesses as the purchase price exceeded the net assets of the business. (See Note 2, Acquisition.)

Balance at January 1, 2015	$	-
Additions for the asset purchase		8,928
Balance at September 30, 2015	$	8,928