Annual report pursuant to Section 13 and 15(d)

Amortizable Intangible Assets

v3.3.1.900
Amortizable Intangible Assets
12 Months Ended
Dec. 31, 2015
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

Note 4 – Amortizable Intangible Assets

 

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

 

                Amortization
    2015     2014     Period
Customer list   $ 1,413,872     $ 90,813     5 years
Website costs     7,954       -     3 years
Licenses and permits     66,318       -     10 years
Less accumulated amortization     (74,791 )     (54,488 )    
Intangible assets, net   $ 1,413,353     $ 36,325      

 

Year Ending      
2016   $ 290,391  
2017     272,228  
2018     270,903  
2019     269,577  
2020     267,945  
Thereafter     42,309  
    $ 1,413,353  

 

Amortization expense for the years ended December 31, 2015 and 2014 was $14,692 and $14,692, respectively.