Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.7.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets were comprised of the following:

 

    December 31, 2016  
    Gross carrying amount     Accumulated amortization     Net carrying value  
                   
Goodwill   $ 277,800           $ 277,800  
Customer list     42,500       (42,500 )      
Technology     1,069,500       (609,300 )     460,200  
Trade name     57,300       (57,300 )      
                         
    $ 1,447,100     $ (709,100 )   $ 738,000  

 

    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