Intangible Assets

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 4. INTANGIBLE ASSETS

Intangible assets are comprised of the following:

	June 30, 2017			December 31, 2016
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		(7,543,889	)		(6,320,556	)
	$	7,356,111		$	8,579,444

Amortization expense related to intangible assets for the three and six months ended June 30, 2017 and June 30, 2016 was $611,667 and $1,223,333, 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 June 30, 2017, the Company reviewed the net balance of the intangible assets and determined no impairment was needed.