| Schedule of intangible assets |
Intangible assets were comprised of the following:
| |
|
June 30, 2014 |
| |
|
Gross carrying amount |
|
Accumulated amortization |
|
Net carrying value |
| |
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(37,000 |
) |
|
$ |
5,500 |
|
| Technology |
|
|
779,700 |
|
|
|
(402,600 |
) |
|
|
377,100 |
|
| Trade name |
|
|
54,600 |
|
|
|
(47,500 |
) |
|
|
7,100 |
|
| |
|
$ |
876,800 |
|
|
$ |
(487,100 |
) |
|
$ |
389,700 |
|
| |
|
December 31, 2013 |
| |
|
Gross carrying amount |
|
Accumulated amortization |
|
Net carrying value |
| |
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(33,900 |
) |
|
$ |
8,600 |
|
| Technology |
|
|
725,700 |
|
|
|
(365,800 |
) |
|
|
359,900 |
|
| Trade name |
|
|
54,600 |
|
|
|
(43,600 |
) |
|
|
11,000 |
|
| |
|
$ |
822,800 |
|
|
$ |
(443,300 |
) |
|
$ |
379,500 |
|
|
| Schedule of expected amortization expense |
The estimated aggregate
amortization expense for each of the next five years is as follows:
| Remaining 2014 |
|
$ |
43,900 |
|
| 2015 |
|
|
79,800 |
|
| 2016 |
|
|
74,000 |
|
| 2017 |
|
|
74,000 |
|
| 2018 |
|
|
38,300 |
|
| Thereafter |
|
|
79,700 |
|
| |
|
$ |
389,700 |
|
|