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Goodwill and Finite Life Intangibles Assets (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Goodwill and Finite Life Intangibles Assets    
Schedule of identified intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortizable

    

June 30, 2015

 

 

Period

 

Gross

    

Accumulated

    

Net

 

 

(years)

 

Assets

 

Amortization

 

Assets

Customer Contracts

 

3 - 5

 

$

1,000,000

 

$

(368,535)

 

$

631,465

Proprietary Software

 

3

 

 

917,000

 

 

(405,962)

 

 

511,038

Total identified intangible assets

 

 

 

$

1,917,000

 

$

(774,497)

 

$

1,142,503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Amortizable

    

December 31, 2014

 

 

Period

 

Gross

    

Accumulated

    

Net

 

 

(years)

 

Assets

 

Amortization

 

Assets

Customer Contracts

 

3 - 5

 

$

1,000,000 

 

$

(226,869)

 

$

773,131 

Proprietary Software

 

3

 

 

917,000 

 

 

(253,130)

 

 

663,870 

Total identified intangible assets

 

 

 

$

1,917,000 

 

$

(479,999)

 

$

1,437,001 

 

Schedule of amortization expense for identified intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

Statement of

 

 

Three Months Ended

 

Six Months Ended

 

Operations

 

 

June 30, 2015

 

June 30, 2014

    

June 30, 2015

    

June 30, 2014

    

Classification

Customer Contracts

 

$

70,833

 

$

55,581

 

$

141,666

  

$

74,222

 

Cost of Revenue

Proprietary Software

 

 

76,416

 

 

76,416

 

 

152,832

 

 

99,027

 

Cost of Revenue

Total amortization on identified intangible assets

 

$

147,249

 

$

131,997

 

$

294,498

 

$

173,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of

 

 

Year Ended

Operations

 

  

December 31, 2014

  

Classification

Customer Contracts

 

$

226,869 

 

Cost of Revenue

Proprietary Software

 

 

253,130 

 

Cost of Revenue

Total amortization on identified intangible assets

 

$

479,999 

 

 

 

Schedule of future amortization expense

 

 

 

 

Six Months Ending December 31, 2015

    

$

294,501

2016

    

 

589,000

2017

 

 

170,000

2018

 

 

75,000

2019

 

 

14,002

 

 

$

1,142,503

 

 

 

 

 

2015

    

$

589,000 

2016

 

 

589,000 

2017

 

 

170,000 

2018

 

 

75,000 

2019

 

 

14,001 

 

 

$

1,437,001