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Goodwill (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The schedule below describes the changes in carrying amount of goodwill for the years ended December 31, 2014 and 2013:
 
 
 
 
 
Marketing &
 
 
 
 
 
Natural Gas
 
Production
 
Total
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2012
 
$
14,891,377
 
$
-
 
$
14,891,377
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of JDOG Marketing
 
 
-
 
 
2,101,744
 
 
2,101,744
 
GNR impairment loss
 
 
-
 
 
(725,744)
 
 
(725,744)
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2013
 
$
14,891,377
 
$
1,376,000
 
$
16,267,377
 
 
 
 
 
 
 
 
 
 
 
 
Classified as asset held for sale
 
 
(111,705)
 
 
-
 
 
(111,705)
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2014
 
$
14,779,672
 
$
1,376,000
 
$
16,155,672
 
Schedule of Intangible Assets and Goodwill
The following table shows the Company’s gross goodwill balance and accumulated impairment loss as of the balance sheet dates.
 
 
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
Goodwill, gross
 
 
 
 
 
 
 
Natural Gas
 
$
14,779,672
 
$
14,891,377
 
Marketing & Production
 
 
2,101,744
 
 
2,101,744
 
 
 
 
 
 
 
 
 
Total goodwill, gross
 
 
16,881,416
 
 
16,993,121
 
 
 
 
 
 
 
 
 
Accumulated impairment loss
 
 
 
 
 
 
 
Natural Gas
 
 
-
 
 
-
 
Marketing & Production
 
 
(725,744)
 
 
(725,744)
 
 
 
 
 
 
 
 
 
Total accumulated impairment loss
 
 
(725,744)
 
 
(725,744)
 
 
 
 
 
 
 
 
 
Goodwill, net
 
$
16,155,672
 
$
16,267,377