| Schedule of intangible assets |
Intangible assets were comprised of the following:
| |
|
March 31, 2014 |
|
| |
|
Gross carrying
amount
|
|
|
Accumulated
amortization
|
|
|
Net carrying
value
|
|
| |
|
|
|
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(34,500 |
) |
|
$ |
8,000 |
|
| Technology |
|
|
731,700 |
|
|
|
(383,700 |
) |
|
|
348,000 |
|
| Trade name |
|
|
54,600 |
|
|
|
(46,500 |
) |
|
|
8,100 |
|
| |
|
$ |
828,800 |
|
|
$ |
(464,700 |
) |
|
$ |
364,100 |
|
| |
|
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 |
|
$ |
63,800 |
|
| 2015 |
|
|
77,000 |
|
| 2016 |
|
|
71,200 |
|
| 2017 |
|
|
71,200 |
|
| 2018 |
|
|
35,500 |
|
| Thereafter |
|
|
45,400 |
|
| |
|
$ |
364,100 |
|
|