Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

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Amortizable Intangible Assets
9 Months Ended
Sep. 30, 2015
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

Note 4 – Amortizable Intangible Assets

 

Intangible assets consist of the following as of September 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     (69,180 )     (54,488 )    
Intangible assets, net   $ 45,905     $ 36,325      

 

Year Ending      
2015   $ 4,949  
2016     22,446  
2017     4,283  
2018     3,620  
2019     1,632  
Thereafter     8,975  
    $ 45,905  
         

Amortization expense for the nine months ended September 30, 2015 and 2014 was $14,692 and $13,622, respectively. Amortization expense for the three months ended September 30, 2015 and 2014 was $5,611 and $4,541, respectively.