General form of registration statement for all companies including face-amount certificate companies

6. INTANGIBLE ASSETS, NET (Tables)

v3.2.0.727
6. INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
    Original Fair Market Value     Accumulated Amortization     Net  
Balance - June 30, 2015:                        
Vendor relationships   $ 1,170,000     $ 565,500     $ 604,500  
Trade name     230,000       111,167       118,833  
Noncompete agreement     2,710,000       1,309,333       1,400,667  
    $ 4,110,000     $ 1,986,000     $ 2,124,000  
                         
Balance - December 31, 2014:                        
Vendor relationships   $ 1,170,000     $ 448,000     $ 722,000  
Trade name     230,000       88,167       141,833  
Noncompete agreement     2,710,000       1,038,833       1,671,167  
    $ 4,110,000     $ 1,575,000     $ 2,535,000