| Intangible Assets |
At
March 31, 2013, the Company had the following intangible
assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
(Unaudited)
March 31,
2013
|
|
| |
|
Gross Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(112,529 |
) |
|
$ |
155,375 |
|
|
Trademarks
|
|
|
4,314,000 |
|
|
|
(334,285 |
) |
|
|
3,979,715 |
|
|
Customer
relationships
|
|
|
8,283,000 |
|
|
|
(663,754 |
) |
|
|
7,619,246 |
|
|
Customer
contracts
|
|
|
1,599,000 |
|
|
|
(677,936 |
) |
|
|
921,064 |
|
|
Product certification and
licensing costs
|
|
|
61,017 |
|
|
|
(34,616 |
) |
|
|
26,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
14,524,921 |
|
|
$ |
(1,823,120 |
) |
|
$ |
12,701,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At
December 31, 2012, the Company had the following intangible
assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31,
2012 |
|
| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
|
Patents
|
|
$ |
267,904 |
|
|
$ |
(106,725 |
) |
|
$ |
161,179 |
|
|
Trademarks
|
|
|
4,314,000 |
|
|
|
(249,803 |
) |
|
|
4,064,197 |
|
|
Customer
relationships
|
|
|
8,283,000 |
|
|
|
(486,983 |
) |
|
|
7,796,017 |
|
|
Product certification and
licensing costs
|
|
|
61,017 |
|
|
|
(29,534 |
) |
|
|
31,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
12,925,921 |
|
|
$ |
(873,045 |
) |
|
$ |
12,052,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Remaining
estimated annual amortization expense is as follows:
|
|
|
|
|
|
Year Ending
December 31:
|
|
|
|
|
|
2013
|
|
$ |
1,733,558 |
|
|
2014
|
|
|
1,078,909 |
|
|
2015
|
|
|
1,072,631 |
|
|
2016
|
|
|
1,068,230 |
|
|
2017
|
|
|
1,068,230 |
|
|
Thereafter
|
|
|
6,680,243 |
|
|
|
|
|
|
|
|
$ |
12,701,801 |
|
|
|
|
|
|
|