Intangible Assets

12 Months Ended

Dec. 31, 2014

Intangible Assets [Abstract]

Intangible Assets

6. Intangible Assets

As of December 31, 2014 and 2013, the Company had total intangible assets of $3,665,000. Accumulated amortization at December 31, 2014 and 2013, was $2,285,347 and 1,985,514, respectively.  Amortization expense for the years 2014, 2013, and 2012 was $299,833 per year, as determined under the straight-line method. The estimated future amortization of intangible assets is $299,833 annually through July 2018, decreasing thereafter to $166,500 annually through May 2020.