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NOTE 4 - INTANGIBLE ASSETS OF CUSTOMER LISTS AND TECHNOLOGY STACKS
 12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]
NOTE 4 – INTANGIBLE ASSETS OF CUSTOMER LISTS AND TECHNOLOGY STACKS

As of December 31, 2015 and 2014, intangible assets consisted of the following:

 
  
December 31, 2015
    
December 31, 2014
  
 
  
Gross
    
Accumulated amortization
    
Balance
    
Gross
    
Accumulated amortization
    
Balance
  
Customer list
                                    
Services
  
$
24,217,238
    
$
(21,129,178
)
  
$
3,088,060
    
$
23,281,196
    
$
(19,145,168
)
  
$
4,136,028
  
Education
    
290,670
      
(58,140
)
    
232,530
      
-
      
-
      
-
  
Media
    
1,639,750
      
(1,169,008
)
    
470,742
      
1,639,750
      
(797,808
)
    
841,942
  
 
                                                
 
    
26,147,658
      
(22,356,326
)
    
3,791,332
      
24,920,946
      
(19,942,976
)
    
4,977,970
  
 
                                                
Technology stack
                                                
Services
  
$
7,237,637
    
$
(4,892,300
)
  
$
2,345,337
    
$
6,450,000
    
$
(3,797,411
)
  
$
2,652,589
  
Education
    
1,647,130
      
(235,308
)
    
1,411,822
      
-
      
-
      
-
  
Health
    
175,000
      
(74,988
)
    
100,012
      
175,000
      
(49,992
)
    
125,008
  
Media
    
5,642,171
      
(1,724,031
)
    
3,918,140
      
5,642,171
      
(918,002
)
    
4,724,169
  
 
    
14,701,938
      
(6,926,627
)
    
7,775,311
      
12,267,171
      
(4,765,404
)
    
7,501,767
  
Total
  
$
40,849,596
    
$
(29,282,953
)
  
$
11,566,643
    
$
37,188,117
    
$
(24,708,380
)
  
$
12,479,737
  

For the years ended December 31, 2015 and 2014, the changes in intangible assets were as follows:

 
  
2015
    
2014
  
 
            
Balance, January 1,
  
$
12,479,737
    
$
15,058,253
  
Additions
    
3,661,477
      
3,001,921
  
Impairment of assets
    
(170,951
)
    
-
  
Amortization
    
(4,404,620
)
    
(5,580,437
)
Balance, December 31,
  
$
11,566,643
    
$
12,479,737
  

For the years ended December 31, 2015 and 2014, amortization expense was $4,404,620 and $5,580,437, respectively. For the years ended December 31, 2015 and 2014, the Company recognized an impairment loss of $170,951 and nil respectively. The impairment loss in 2015 pertains to the reduction in revenue from the acquired customers which was calculated using the present value of future cash flows.

As of December 31, 2015, the estimated aggregated amortization expense for each of the five succeeding years is as follows:

Year
  
Amount
  
2016
  
$
3,742,540
  
2017
    
3,510,211
  
2018
    
1,477,145
  
2019
    
1,364,959
  
2020
    
913,616
  
2021 and thereafter
    
558,172
  
Total
  
$
11,566,643