Quarterly report pursuant to Section 13 or 15(d)

Amortizable Intangible Assets

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Amortizable Intangible Assets
9 Months Ended
Sep. 30, 2014
Amortizable Intangible Assets [Abstract]  
Amortizable Intangible Assets

Note 5 – Amortizable Intangible Assets

 

Intangible assets consist of the following as of September 30, 2014 and December 31, 2013:

 

                Amortization  
    2014     2013     Period  
Customer list   $ 90,813     $ 90,813       5 years  
Less accumulated amortization     (49,951 )     (36,325 )        
Intangible assets, net   $ 40,862     $ 54,488          

 

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

 

  Year Ending          
  2014       4,541  
  2015       18,163  
  2016       18,159  
        $ 40,862  

 

Amortization expense for the nine months ended September 30, 2014 and 2013 was $13,622 and $13,622, respectively. Amortization expense for the three months ended June 30, 2014 and 2013 was $4,540 and $4,538, respectively.