Note 4 - Intangible Assets

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

 

Note

4

-Intangible Assets

Intangible assets consist of the following:

	March 31, 2017			December 31, 2016
Trademarks and domains names	$	13,014,494		$	13,014,494
Advertising customer relationships		9,740,000			9,740,000
Mobile applications		4,225,000			4,225,000
		26,979,494			26,979,494
Less accumulated amortization		(11,195,084	)		(9,968,929	)
Intangible assets - net	$	15,784,410		$	17,010,565

Amortization expense was approximately

$1.2

million and

$0.4

million for the

three

months ended

March

31,

2017

and

2016,

respectively. The weighted average amortizable life of the intangible assets is approximately

6.4

years.

Annual future amortization expense for the Company’s intangible assets is as follows:

Year ending December 31,	Amortization Expense
Remaining in 2017	$	3,543,674
2018		4,096,590
2019		3,042,417
2020		2,123,295
2021		1,472,256
Thereafter		1,506,178
Total	$	15,784,410