Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Intangible Assets

Intangible assets, net is as follows:

March 31, 2018		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Long-lived intangible assets:
Sales Process			10			$	3,970,000			$	(1,395,014	)		$	2,574,986
Paid Member Relationships			5				890,000				(625,472	)			264,528
Member Lists			5				8,957,000				(6,294,781	)			2,662,219
Developed Technology			3				978,000				(978,000	)			-
Trade Name/Trademarks			4				480,000				(419,861	)			60,139
Customer Relationships			5				280,000				(186,667	)			93,333
						$	15,555,000			$	(9,899,795	)			5,655,205
Indefinite-lived intangible assets:
Trade Name															90,400

Intangible assets, net														$	5,745,605

December 31, 2017		Useful Lives (Years)				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Long-lived intangible assets:
Sales Process			10			$	3,970,000			$	(1,295,764	)		$	2,674,236
Paid Member Relationships			5				890,000				(580,972	)			309,028
Member Lists			5				8,957,000				(5,846,931	)			3,110,069
Developed Technology			3				978,000				(978,000	)			-
Trade Name/Trademarks			4				480,000				(389,861	)			90,139
Customer Relationships			5				280,000				(172,667	)			107,333
						$	15,555,000			$	(9,264,195	)			6,290,805
Indefinite-lived intangible assets:
Trade Name															90,400

Intangible assets, net														$	6,381,205

Schedule of Future Annual Estimated Amortization Expense

Future annual estimated amortization expense is summarized as follows:

Years ending December 31,
2018 (nine months)		$	1,876,939
2019			1,898,030
2020			397,000
2021			397,000
2022			397,000
Thereafter			689,236
		$	5,655,205