Intangible Assets

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 5. INTANGIBLE ASSETS

Intangible assets are comprised of the following:

	March 31, 2018			December 31, 2017
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		(9,378,889	)		(8,767,222	)
	$	5,521,111		$	6,132,778

Amortization expense related to intangible assets was $611,667 and $611,666 for the three months ended March 31, 2018 and 2017, 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, 2018, the Company reviewed the net balance of the intangible assets and determined no impairment was needed.