| Schedule of intangible assets |
| |
|
Original
Fair Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Useful
Life (Years) |
|
| Balance - March 31, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vendor relationships |
|
$ |
1,170,000 |
|
|
$ |
741,000 |
|
|
$ |
429,000 |
|
|
|
5 |
|
| In-process research and development |
|
|
3,730,000 |
|
|
|
– |
|
|
|
3,730,000 |
|
|
|
– |
|
| Trade names |
|
|
330,000 |
|
|
|
150,667 |
|
|
|
179,333 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
2,787,000 |
|
|
|
1,719,683 |
|
|
|
1,067,317 |
|
|
|
5 |
|
| |
|
$ |
8,017,000 |
|
|
$ |
2,611,350 |
|
|
$ |
5,405,650 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance - December 31, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Vendor relationships |
|
$ |
1,170,000 |
|
|
$ |
682,500 |
|
|
$ |
487,500 |
|
|
|
5 |
|
| In-process research and development |
|
|
3,730,000 |
|
|
|
– |
|
|
|
3,730,000 |
|
|
|
– |
|
| Trade names |
|
|
330,000 |
|
|
|
134,167 |
|
|
|
195,833 |
|
|
|
5 |
|
| Non-compete agreements |
|
|
2,787,000 |
|
|
|
1,580,333 |
|
|
|
1,206,667 |
|
|
|
5 |
|
| |
|
$ |
8,017,000 |
|
|
$ |
2,397,000 |
|
|
$ |
5,620,000 |
|
|
|
|
|
|