| Intangible Assets |
6. Intangible Assets
Intangible assets, net is as follows:
| March 31, 2015 |
|
Useful Lives
(Years) |
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying
Amount
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
10
|
|
$ |
3,970,000
|
|
$ |
(204,014)
|
|
$ |
3,765,986
|
| Paid Member Relationships |
|
5
|
|
|
890,000
|
|
|
(91,472)
|
|
|
798,528
|
| Member Lists |
|
5
|
|
|
8,957,000
|
|
|
(920,581)
|
|
|
8,036,419
|
| Developed Technology |
|
3
|
|
|
978,000
|
|
|
(147,667)
|
|
|
830,333
|
| Trade Name/Trademarks |
|
4
|
|
|
480,000
|
|
|
(59,861)
|
|
|
420,139
|
| Customer Relationships |
|
5
|
|
|
280,000
|
|
|
(18,667)
|
|
|
261,333
|
| |
|
|
|
|
15,555,000
|
|
|
(1,442,262)
|
|
|
14,112,738
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
90,400
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
$ |
14,203,138
|
Future annual estimated amortization expense is summarized as follows:
| Years ending December 31, |
|
|
|
|
| 2015 (nine months) |
|
$ |
2,151,300
|
|
| 2016 |
|
|
2,868,400
|
|
| 2017 |
|
|
2,802,233
|
|
| 2018 |
|
|
2,563,872
|
|
| 2019 |
|
|
1,846,697
|
|
| Thereafter |
|
|
1,880,236
|
|
| |
|
$ |
14,112,738
|
|
|