Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

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Amortizable Intangible Assets
6 Months Ended
Jun. 30, 2015
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

Note 4 – Amortizable Intangible Assets

 

Intangible assets consist of the following as of June 30, 2015 and December 31, 2014:

 

                Amortization  
    2015     2014     Period  
Customer list   $ 90,813     $ 90,813       5 years  
Website costs     7,954       -       3 years  
Licenses and permits     16,318               10 Years  
Less accumulated amortization     (63,569 )     (54,488 )        
Intangible assets, net   $ 51,516     $ 36,325          

 

The estimated aggregate amortization expense for each of the next five years is as follows:

 

Year Ending      
2015   $ 10,560  
2016     22,446  
2017     4,283  
2018     3,620  
2019     1,632  
Thereafter     8,975  
    $ 51,516  

 

Amortization expense for the six and three months ended June 30, 2015 and 2014 was $9,081, $3,536, $9,081 and $4,540, respectively.