Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6: Intangible Assets

Intangible assets are as follows:

	As of September 30, 2016
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	338,420	$	(261,418	)	$	77,002
Technology		3,772,198		(2,027,948	)		1,744,250
Customer relationships		4,468,562		(1,590,477	)		2,878,085
Unamortized intangible assets:		8,579,180		(3,879,843	)		4,699,337
Goodwill							8,864,660
Total intangible assets						$	13,563,997

Estimated amortization expense for the remainder of 2016 and subsequent years is as follows:

Remainder of 2016	$	301,359
2017		1,030,951
2018		898,037
2019		718,964
2020		595,688
Thereafter		1,154,338
Total	$	4,699,337

Amortization expense for the three months ended September 30, 2016 and 2015 was $298,823 and $379,053, respectively. Amortization expense for the nine months ended September 30, 2016 and 2015 was $1,068,839 and $1,140,627, respectively.