Intangible Assets

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6: Intangible Assets

Intangible assets are as follows:

	As of June 30, 2017
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	338,111	$	(284,608	)	$	53,503
Technology		3,769,873		(2,212,373	)		1,557,500
Customer relationships		4,191,825		(3,212,058	)		979,767
Total finite-lived intangible assets:		8,299,809		(5,709,039	)		2,590,770
Goodwill							8,867,539
Total intangible assets						$	11,458,309

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

Remainder of 2017	$	264,770
2018		459,996
2019		381,000
2020		332,004
2021		279,996
2022		228,000
Thereafter		645,004
Total	$	2,590,770

Amortization expense for the three months ended June 30, 2017 and 2016 was $131,869 and $286,719, respectively. Amortization expense for the six months ended June 30, 2017 and 2016 was $263,392 and $770,016, respectively.