Quarterly report pursuant to Section 13 or 15(d)

NOTE 6 - INTANGIBLE ASSETS (Tables)

v2.4.0.8
NOTE 6 - INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block] The components of intangible assets are as follows:

   
June 30,
2014
   
December 31,
2013
 
Proprietary developed software
 
$
294,036
   
$
294,036
 
Intellectual property, customer list, and acquired contracts
   
1,044,000
     
694,000
 
                 
Total intangible assets
 
$
1,338,036
   
$
988,036
 
Less: accumulated amortization
   
(410,627
   
(300,156
   
$
927,409
   
$
687,880
 
Finite-lived Intangible Assets Amortization Expense [Table Text Block] The Company expects future amortization expense to be the following:

   
Amortization
 
Balance of 2014
 
$
133,803
 
2015
   
267,607
 
2016
   
267,607
 
2017
   
165,059
 
2018
   
70,000
 
2019
   
23,333
 
         
Total
 
$
927,409