Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The following schedule presents the changes in the carrying amount of goodwill associated with the Safend reporting unit during the years ended December 31, 2014 and 2013:

Balance as of December 31, 2012	$	4,038,000
Impairment loss	(2,590,000		)
Balance as of December 31, 2013	1,448,000
Impairment loss	—
Balance as of December 31, 2014	$	1,448,000

Schedule of the details of intangible assets

The following schedule presents the change in the carrying value of intangible assets as of December 31, 2014 and 2013:

December 31, 2014
Intangible Asset	Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment Loss			Net		Weighted Average Remaining Useful Life (in years)
Developed Technology	$	6,426,000	$	(1,292,297	)	$	(5,038,100	)	$	95,603	3.8
Customer Relationships	3,972,000		(889,327		)	(1,786,673		)	1,296,000		6.8
Internal-use software	726,000		(182,710		)	—			543,290		3.8
Acquired Patents	1,100,000		(1,026,666		)	—			73,334		0.4
	$	12,224,000	$	(3,391,000	)	$	(6,824,773	)	$	2,008,227

December 31, 2013
Intangible Asset	Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment Loss			Net		Weighted Average Remaining Useful Life (in years)
Developed Technology	$	6,426,000	$	(1,266,803	)	$	(5,038,100	)	$	121,097	4.8
Customer Relationships	3,972,000		(697,327		)	(1,786,673		)	1,488,000		7.8
Internal-use software	726,000		(37,510		)	—			688,490		4.8
Acquired Patents	1,100,000		(806,667		)	—			293,333		1.4
	$	12,224,000	$	(2,808,307	)	$	(6,824,773	)	$	2,590,920

Summary of estimated amortization expense for intangible assets

The estimated amortization expense for intangible assets for the next five years and thereafter is as follows:

Period	Estimated Amortization Expense
2015	$	436,028
2016	362,694
2017	362,694
2018	318,811
2019	192,000
Thereafter	336,000
Total	$	2,008,227