| Intangible Assets |
6. Intangible Assets
Intangible assets, net is as follows:
| June 30, 2015 |
|
Useful Lives
(Years) |
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying
Amount
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
10
|
|
$ |
3,970,000 |
|
$ |
(303,264
|
) |
$ |
3,666,736
|
| Paid Member Relationships |
|
5
|
|
|
890,000 |
|
|
(135,972
|
) |
|
754,028
|
| Member Lists |
|
5
|
|
|
8,957,000
|
|
|
(1,368,431
|
) |
|
7,588,569
|
| Developed Technology |
|
3
|
|
|
978,000
|
|
|
(229,167
|
) |
|
748,833
|
| Trade Name/Trademarks |
|
4
|
|
|
480,000
|
|
|
(89,861
|
) |
|
390,139
|
| Customer Relationships |
|
5
|
|
|
280,000
|
|
|
(32,666
|
) |
|
247,334
|
| |
|
|
|
|
15,555,000
|
|
|
(2,159,361
|
) |
|
13,395,639
|
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
90,400
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
$ |
13,486,039
|
Future annual estimated amortization expense is summarized as follows:
| Years ending December 31, |
|
|
|
|
| 2015 (six months) |
|
$ |
1,434,200
|
|
| 2016 |
|
|
2,868,400
|
|
| 2017 |
|
|
2,802,233
|
|
| 2018 |
|
|
2,563,872
|
|
| 2019 |
|
|
1,846,697
|
|
| Thereafter |
|
|
1,880,237
|
|
| |
|
$ |
13,395,639
|
|
|