Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets were comprised of the following:

 

    June 30, 2016
    Gross carrying amount   Accumulated amortization   Net carrying value
             
Goodwill   $ 277,800           $ 277,800  
Customer list     42,500       (42,500 )      
Technology     1,055,200       (561,300 )     493,900  
Trade name     54,600       (54,600 )      
    $ 1,430,100     $ (658,400 )   $ 771,700  

 

    December 31, 2015
    Gross carrying amount   Accumulated amortization   Net carrying value
             
Goodwill   $ 277,800           $ 277,800  
Customer list     42,500       (42,500 )      
Technology     1,027,100       (518,300 )     508,800  
Trade name     54,600       (54,600 )      
    $ 1,402,000     $ (615,400 )   $ 786,600