INTANGIBLE ASSETS

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Intangible Assets

INTANGIBLE ASSETS

Intangible assets are summarized as follows:

			March 31, 2016			December 31, 2015
Amortized	Amortization Lives		Cost			Cost
Developed Technology		7	$	3,000,000		$	3,000,000
Trademark		5		700,000			700,000
Total				3,700,000			3,700,000
Less Accumulated Amortization				(568,572	)		(426,429	)
Net				3,131,428			3,273,571
Non Amortized
Goodwill				6,455,645			6,455,645
Total			$	9,587,073		$	9,729,216

Amortization expense related to intangible assets for the three months ended March 31, 2016 and 2015 was $142,143 and $0, respectively.

Expected future amortization of intangible assets as of March 31, 2016, is as follows:

Year ending December 31,		Estimated Amortization Expense
	2016	$	427,000
	2017		569,000
	2018		569,000
	2019		569,000
	2020		464,000
	Thereafter		534,000
		$	3,132,000

Intangible assets are summarized as follows:

		2015	2014
Amortized	Amortization Lives	Cost	Cost
Developed Technology	7	$    3,000,000	$                   --
Trademark	5	700,000	--
Total		3,700,000	--
Less Accumulated Amortization		(426,429)	--
Net		3,273,571	--
Non Amortized
Goodwill		6,455,645	--
Total		$9,729,216	--

Amortization expense related to intangible assets for the years ended December 31, 2015 and 2014 was $426,429 and $0, respectively.

Expected future amortization of intangible assets as of December 31, 2015, is as follows:

Year ending December 31,	Estimated Amortization Expense
2016	$         569,000
2017	569,000
2018	569,000
2019	569,000
2020	464,000
Thereafter	534,000
	$      3,274,000