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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2013
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets, net

 

 

 

 

March 31, 2013

 

December 31, 2012

 

Finite — Lived Intangible Assets

 

$

218,886

 

$

218,886

 

Accumulated Amortization

 

(26,387

)

(21,402

)

Intangible Assets, Net

 

$

192,499

 

$

197,484

 

Schedule of changes in intangible assets, net

 

 

 

 

March 31, 2013

 

December 31, 2012

 

Balance, Beginning of Year

 

$

197,484

 

$

24,310

 

Acquisitions

 

 

181,000

 

Amortization Expense

 

(4,985

)

(7,826

)

Intangible Assets, Net

 

$

192,499

 

$

197,484

 

Schedule of amortization expense relating to intangible assets

 

 

April 1- December 31, 2013

 

$

14,954

 

2014-2016

 

59,816

 

2017

 

19,389

 

January 1 - March 31, 2018

 

4,435

 

Thereafter

 

93,905

 

 

 

$

192,499