Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

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Amortizable Intangible Assets
3 Months Ended
Mar. 31, 2016
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

Note 4 – Amortizable Intangible Assets

 

Intangible assets consist of the following as of March 31, 2016 and December 31, 2015:

 

                Amortization  
    2016     2015     Period  
Customer list     1,346,886     $ 1,413,872       5 years  
Website costs     7,954       7,954       3 years  
Licenses and permits     66,318       66,318          
Less accumulated amortization     (80,402 )     (74,791 )        
Intangible assets, net   $ 1,340,756     $ 1,413,353          

 

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

 

Year Ending      
2017     276,992  
2018     258,831  
2019     257,505  
2020     256,180  
2021     256,180  
2022     35,068  
Total     1,340,756  

 

Amortization expense for the three months ended March 31, 2016 and 2015 was $72,597 and $5,545 respectively.