| Schedule of Intangible Assets |
|
September 30, 2016
|
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
|
Long-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Process
|
|
|
10
|
|
|
$
|
3,970,000
|
|
|
$
|
(799,514
|
)
|
|
$
|
3,170,486
|
|
|
Paid Member Relationships
|
|
|
5
|
|
|
|
890,000
|
|
|
|
(358,472
|
)
|
|
|
531,528
|
|
|
Member Lists
|
|
|
5
|
|
|
|
8,957,000
|
|
|
|
(3,607,681
|
)
|
|
|
5,349,319
|
|
|
Developed Technology
|
|
|
3
|
|
|
|
978,000
|
|
|
|
(636,666
|
)
|
|
|
341,334
|
|
|
Trade Name/Trademarks
|
|
|
4
|
|
|
|
480,000
|
|
|
|
(239,861
|
)
|
|
|
240,139
|
|
|
Customer Relationships
|
|
|
5
|
|
|
|
280,000
|
|
|
|
(102,667
|
)
|
|
|
177,333
|
|
|
|
|
|
|
|
|
|
15,555,000
|
|
|
|
(5,744,861
|
)
|
|
|
9,810,139
|
|
|
Indefinite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Name
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
9,900,539
|
|
|
December 31, 2015
|
|
Useful Lives
(Years)
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
|
Long-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Process
|
|
|
10
|
|
|
$
|
3,970,000
|
|
|
$
|
(501,764
|
)
|
|
$
|
3,468,236
|
|
|
Paid Member Relationships
|
|
|
5
|
|
|
|
890,000
|
|
|
|
(224,972
|
)
|
|
|
665,028
|
|
|
Member Lists
|
|
|
5
|
|
|
|
8,957,000
|
|
|
|
(2,264,131
|
)
|
|
|
6,692,869
|
|
|
Developed Technology
|
|
|
3
|
|
|
|
978,000
|
|
|
|
(392,167
|
)
|
|
|
585,833
|
|
|
Trade Name/Trademarks
|
|
|
4
|
|
|
|
480,000
|
|
|
|
(149,860
|
)
|
|
|
330,140
|
|
|
Customer Relationships
|
|
|
5
|
|
|
|
280,000
|
|
|
|
(60,667
|
)
|
|
|
219,333
|
|
|
|
|
|
|
|
|
|
15,555,000
|
|
|
|
(3,593,561
|
)
|
|
|
11,961,439
|
|
|
Indefinite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Name
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
12,051,839
|
|
|
| Schedule of Future Annual Estimated Amortization Expense |
|
Years ending December 31,
|
|
|
|
|
2016 (three months)
|
|
$
|
717,100
|
|
|
2017
|
|
|
2,802,233
|
|
|
2018
|
|
|
2,563,872
|
|
|
2019
|
|
|
1,846,697
|
|
|
2020
|
|
|
397,000
|
|
|
2021
|
|
|
397,000
|
|
|
Thereafter
|
|
|
1,086,237
|
|
|
|
|
$
|
9,810,139
|
|
|