Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6: Intangible Assets

Intangible assets are as follows:

	As of March 31, 2017
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	330,382	$	(268,628	)	$	61,754
Technology		3,711,761		(2,090,512	)		1,621,249
Customer relationships		4,077,399		(3,039,766	)		1,037,633
Unamortized intangible assets:		8,119,542		(5,398,906	)		2,720,636
Goodwill							8,852,305
Total intangible assets						$	11,572,941

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

Remainder of 2017	$	394,636
2018		460,000
2019		381,000
2020		332,000
2021		280,000
2022		228,000
Thereafter		645,000
Total	$	2,720,636

Amortization expense for the three months ended March 31, 2017 and 2016 was $131,523 and $483,297, respectively.