Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS - NET (Tables)

v3.3.0.814
INTANGIBLE ASSETS - NET (Tables)
9 Months Ended
Sep. 30, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
Intangible assets-net as of September 30, 2015 and December 31, 2014 consist of following:
 
 
 
September 30,
 
December 31,
 
 
 
2015
 
2014
 
Contracts and relationships acquired
 
$
11,389,988
 
$
11,164,988
 
Non-compete agreements
 
 
1,244,272
 
 
1,206,272
 
Other intangible assets
 
 
836,692
 
 
309,486
 
Total intangible assets
 
 
13,470,952
 
 
12,680,746
 
Less: Accumulated amortization
 
 
(7,492,268)
 
 
(4,302,909)
 
 
 
 
 
 
 
 
 
Intangible assets - net
 
$
5,978,684
 
$
8,377,837
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
As of September 30, 2015, future amortization expense scheduled to be expensed is as follows:
 
Years ending
 
 
 
December 31
 
 
 
2015 (three months)
 
$
970,778
 
2016
 
 
3,293,716
 
2017
 
 
1,609,544
 
2018
 
 
104,646
 
Total
 
$
5,978,684