Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS - NET (Tables)

v2.4.1.9
INTANGIBLE ASSETS - NET (Tables)
 3 Months Ended
Mar. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Intangible assets-net as of March 31, 2015 and December 31, 2014 consist of following:
 
 
 
March 31,
 
December 31,
 
 
 
2015
 
2014
 
Contracts and relationships acquired
 
$
11,164,988
 
$
11,164,988
 
Non-compete agreements
 
 
1,206,272
 
 
1,206,272
 
Other Intangible assets
 
 
316,134
 
 
309,486
 
Total intangible assets
 
 
12,687,394
 
 
12,680,746
 
Less: Accumulated amortization
 
 
(5,371,495)
 
 
(4,302,909)
 
 
 
 
 
 
 
 
 
Intangible assets - net
 
$
7,315,899
 
$
8,377,837
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
As of March 31, 2015, future amortization expense scheduled to be expensed is as follows:
 
Years Ending
 
 
 
 
December 31
 
 
 
 
2015 (nine months)
 
$
2,655,911
 
2016
 
 
3,153,443
 
2017
 
 
1,506,196
 
2018
 
 
349
 
Total
 
$
7,315,899