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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following tables set forth the information for intangible assets subject to amortization and for intangible assets not subject to amortization.

 

    As of December 31, 2016  
    Gross           Net  
    Carrying     Accumulated     Carrying  
    Amount     Amortization     Value  
Amortized intangible assets:                        
Trade names   $ 326,992     $ (256,988 )   $ 70,004  
Technology     3,686,270       (2,001,270 )     1,685,000  
Customer relationships     4,024,005       (2,928,374 )     1,095,631  
Unamortized intangible assets:     8,037,267       (5,186,632 )     2,850,635  
Goodwill                     8,845,394  
Total intangible assets                   $ 11,696,029  

 

    As of December 31, 2015  
    Gross           Net  
    Carrying     Accumulated     Carrying  
    Amount     Amortization     Value  
Amortized intangible assets:                        
Trade names   $ 367,800     $ (245,551 )   $ 122,249  
Technology     3,993,089       (1,888,516 )     2,104,573  
Customer relationships     4,175,479       (883,996 )     3,291,483  
Unamortized intangible assets:     8,536,368       (3,018,063 )     5,518,305  
Goodwill                     8,881,933  
Total intangible assets                   $ 14,400,238  

Schedule of Estimated Amortization Expense

Estimated amortization expense for 2017 and subsequent years is as follows:

 

2017     $ 514,627  
2018       435,996  
2019       435,996  
2020       435,996  
2021       435,996  
Thereafter       592,024  
Total     $ 2,850,635