Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.1.9
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets were comprised of the following: 

 

    December 31, 2014  
    Gross carrying
amount
    Accumulated
amortization
    Net carrying
value
 
                   
Customer list   $ 42,500     $ (40,000 )   $ 2,500  
Technology     805,700       (440,000 )     365,700  
Trade name     54,600       (51,400 )     3,200  
                         
    $ 902,800     $ (531,400 )   $ 371,400  

 

 

 

    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:

 

 

2015   $ 80,200  
2016     74,400  
2017     74,400  
2018     38,700  
2019     10,500  
Thereafter     93,200  
    $ 371,400