| Schedule of intangible assets |
Intangible assets were comprised of the following:
| |
|
March 31, 2015 |
| |
|
Gross carrying amount |
|
Accumulated amortization |
|
Net carrying value |
| |
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(41,500 |
) |
|
$ |
1,000 |
|
| Technology |
|
|
823,000 |
|
|
|
(456,600 |
) |
|
|
366,400 |
|
| Trade name |
|
|
54,600 |
|
|
|
(53,300 |
) |
|
|
1,300 |
|
| |
|
$ |
920,100 |
|
|
$ |
(551,400 |
) |
|
$ |
368,700 |
|
| |
|
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 |
|
|
| Schedule of expected amortization expense |
The estimated aggregate amortization expense for each of the next five years is as follows:
| Remaining 2015 |
|
|
$ |
60,200 |
|
| 2016 |
|
|
|
74,400 |
|
| 2017 |
|
|
|
74,400 |
|
| 2018 |
|
|
|
38,700 |
|
| 2019 |
|
|
|
10,500 |
|
| Thereafter |
|
|
|
110,500 |
|
| |
|
|
|
$ |
368,700 |
|
|