INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible assets, net as of June 30, 2015 consisted of the following:



	Gross		Accumulated Amortization			Net
Customer relationship intangible	$	1,000,000	$	(26,301	)	$	973,699
Marketing-related intangibles	200,000		(5,261		)	194,739
Non-compete agreements	200,000		(26,301		)	173,699
Intangible assets, net	$	1,400,000	$	(57,863	)	$	1,342,137

The useful lives of amortizable intangible assets are as follows:



Asset		Life
Customer relationship intangible		10 years
Marketing-related intangibles		10 years
Non-compete agreements		2 years

The following table represents the estimated future amortization expense of intangible assets as of June 30, 2015:



Fiscal Year	Amount
Remainder of 2015	$	110,904
2016	220,602
2017	143,014
2018	120,000
2019	120,000
2020	120,329
Thereafter	507,288
Total intangible assets	$	1,342,137

The Company began amortizing the above intangible assets on April 1, 2015 and recorded amortization expense on intangible assets of $57,863 and $57,863 for the three-month and six-month periods ended June 30, 2015, respectively.

Goodwill

In connection with the Company's purchase of IPG, the Company had recorded goodwill of $487,000. The Company had not recognized any impairment as of June 30, 2015.