Intangible Assets

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6: Intangible Assets

Intangible assets are as follows:

	As of September 30, 2017
	Gross					Net
	Carrying		Accumulated			Carrying
	Amount		Amortization			Value
Amortized intangible assets:
Trade names	$	344,866	$	(299,612	)	$	45,254
Technology		3,820,657		(2,326,907	)		1,493,750
Customer relationships		4,154,902		(3,235,778	)		919,124
Unamortized intangible assets:		8,320,425		(5,862,297	)		2,458,128
Goodwill							8,870,649
Total intangible assets						$	11,328,777

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

Remainder of 2017	$	132,126
2018		460,000
2019		381,000
2020		332,000
2021		280,000
2022		228,000
Thereafter		645,002
Total	$	2,458,128

Amortization expense for the three months ended September 30, 2017 and 2016 was $132,298 and $298,823, respectively. Amortization expense for the nine months ended September 30, 2017 and 2016 was $395,690 and $1,068,839, respectively.