| Schedule of Intangible Assets |
| September 30, 2015 |
|
Useful Lives
(Years) |
|
|
Gross
Carrying
Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying
Amount
|
| Long-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Sales Process |
|
10
|
|
$ |
3,970,000 |
|
$ |
(402,514
|
) |
$ |
3,567,486
|
| Paid Member Relationships |
|
5
|
|
|
890,000 |
|
|
(180,472
|
) |
|
709,528 |
| Member Lists |
|
5
|
|
|
8,957,000 |
|
|
(1,816,281
|
) |
|
7,140,719 |
| Developed Technology |
|
3
|
|
|
978,000 |
|
|
(310,667
|
) |
|
667,333 |
| Trade Name/Trademarks |
|
4
|
|
|
480,000 |
|
|
(119,861
|
) |
|
360,139 |
| Customer Relationships |
|
5
|
|
|
280,000 |
|
|
(46,666
|
) |
|
233,334 |
| |
|
|
|
|
15,555,000 |
|
|
(2,876,461
|
) |
|
12,678,539 |
| Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
| Trade Name |
|
|
|
|
|
|
|
|
|
|
90,400 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets, net |
|
|
|
|
|
|
|
|
|
$ |
12,768,939
|
|
| Schedule of Future Annual Estimated Amortization Expense |
| Years ending December 31, |
|
|
|
|
| 2015 (three months) |
|
$ |
717,100
|
|
| 2016 |
|
|
2,868,400 |
|
| 2017 |
|
|
2,802,233 |
|
| 2018 |
|
|
2,563,872 |
|
| 2019 |
|
|
1,846,697 |
|
| Thereafter |
|
|
1,880,237 |
|
| |
|
$ |
12,678,539
|
|
|