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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Intangible Assets

Intangible assets are comprised of the following:

 

    December 31,
2016
    December 31,
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     (6,320,556 )     (3,873,889 )
    $ 8,579,444     $ 11,026,111  

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2016, the Company will recognize the following amortization expense for the respective periods ending December 31 noted below:

 

2017     2,446,667  
2018     2,446,667  
2019     1,700,000  
2020     1,166,667  
2021     583,334  
Thereafter     236,109  
Total   $ 8,579,444