Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Intangible Assets [Abstract]

Schedule of Other Intangible Assets

				June 30, 2015						December 31, 2014
	Useful Life			Gross Carrying Amount		Accumulated Amortizaton		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortizaton		Net Carrying Amount
Acquired intangibles- customer lists and non-compete agreements		5 -10 years		$	1,997,300	$	1,592,207	$	405,093	$	1,997,300	$	1,532,123	$	465,177
Acquired intangibles-patents and patent rights		Varied	(1)		3,650,000		1,207,435		2,442,565		3,650,000		852,343		2,797,657
Patent application costs		Varied	(2)		1,062,070		464,688		597,382		1,058,833		413,268		645,565
				$	6,709,370	$	3,264,330	$	3,445,040	$	6,706,133	$	2,797,734	$	3,908,399

(1)

Acquired patents and patent rights are amortized over their expected useful life which is generally the remaining legal life of the patent. As of June 30, 2015, the weighted average remaining useful life of these assets in service was approximately 4.9 years.

(2)

Patent application costs are amortized over their expected useful life which is generally the remaining legal life of the patent. As of June 30, 2015, the weighted average remaining useful life of these assets in service was approximately 9.5 years.