Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.7.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Finite-lived Intangible Assets

Goodwill and finite-lived intangible assets consisted of the following at March 31, 2017 and December 31, 2016:

 

 

 

2017

 

 

2016

 

Patents

 

$

1,091,000

 

 

$

1,091,000

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

Patents

 

 

13,615,967

 

 

 

13,615,967

 

Customer relationships

 

 

3,400,000

 

 

 

3,400,000

 

Trademarks

 

 

2,740,000

 

 

 

2,740,000

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Software

 

 

86,520

 

 

 

 

     Other intangible assets, gross

 

 

20,502,487

 

 

 

20,415,967

 

Less: accumulated amortization

 

 

(9,033,914

)

 

 

(8,660,948

)

     Other intangible assets, net

 

 

11,468,573

 

 

 

11,755,019

 

     Goodwill and other intangible assets, net

 

$

12,559,573

 

 

$

12,846,019