| Schedule of intangible assets |
| Description |
|
Original
Fair Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
| Vendor relationships |
|
$ |
1,170,000 |
|
|
$ |
273,000 |
|
|
$ |
897,000 |
|
| Trade name |
|
|
230,000 |
|
|
|
53,667 |
|
|
|
176,333 |
|
| Noncompete
agreement |
|
|
2,710,000 |
|
|
|
632,333 |
|
|
|
2,077,667 |
|
| |
|
$ |
4,110,000 |
|
|
$ |
959,000 |
|
|
$ |
3,151,000 |
|
Intangible assets consisted
of the following at December 31, 2013:
| Description |
|
Original
Fair Market Value |
|
|
Accumulated
Amortization |
|
|
Net |
|
| Vendor relationships |
|
$ |
1,170,000 |
|
|
$ |
214,500 |
|
|
$ |
955,500 |
|
| Trade name |
|
|
230,000 |
|
|
|
42,167 |
|
|
|
187,833 |
|
| Noncompete
agreement |
|
|
2,710,000 |
|
|
|
496,833 |
|
|
|
2,213,167 |
|
| |
|
$ |
4,110,000 |
|
|
$ |
753,500 |
|
|
$ |
3,356,500 |
|
|