INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

NOTE 4. INTANGIBLE ASSETS

Intangible assets are comprised of the following:

	March 31,		December 31,
	2016		2015
Developed technology	$	7,000,000	$	7,000,000
Customer contracts		6,400,000		6,400,000
Trademarks		1,500,000		1,500,000
		14,900,000		14,900,000
Accumulated amortization		(4,485,555)		(3,873,889)
	$	10,414,445	$	11,026,111

Amortization expense related to intangible assets for the three months ended March 31, 2016 and 2015 was $611,667 and $617,669, respectively.

Annually, and more often as necessary, we will perform an evaluation of our intangible assets for indications of impairment. If indications exist, we will perform an evaluation of the fair value of the intangible assets and, if necessary, record an impairment charge. As of March 31, 2016, the Company reviewed the net balance of the intangible assets and determined no impairment was needed.