v3.2.0.727
7. GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
|
6 Months Ended |
|
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Carrying amount of goodwill |
|
Intangible assets |
The following table sets forth the components
of the Company’s intangible assets at June 30, 2015:
|
|
Amortization Period (Years) |
|
|
Cost |
|
|
Accumulated Amortization
and Impairment Charges |
|
|
Net Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Distribution and license rights |
|
|
5.0 |
|
|
|
1,234,500 |
|
|
|
(820,031 |
) |
|
|
414,469 |
|
Production backlog |
|
|
0.5 |
|
|
|
108,000 |
|
|
|
(108,000 |
) |
|
|
— |
|
Non-compete agreements |
|
|
3.0 |
|
|
|
265,000 |
|
|
|
(103,055 |
) |
|
|
161,945 |
|
Subtotal |
|
|
|
|
|
|
1,607,500 |
|
|
|
(1,031,086 |
) |
|
|
576,414 |
|
Intangible assets not subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
— |
|
|
|
1,385,000 |
|
|
|
— |
|
|
|
1,385,000 |
|
Total |
|
|
|
|
|
$ |
2,992,500 |
|
|
$ |
(1,031,086 |
) |
|
$ |
1,961,414 |
|
The following table sets forth the components
of the Company’s intangible assets at December 31, 2014:
|
|
Amortization Period (Years) |
|
|
Cost |
|
|
Accumulated Amortization |
|
|
Net Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Distribution and license rights |
|
|
5.0 |
|
|
|
955,000 |
|
|
|
(366,916 |
) |
|
|
588,084 |
|
Production backlog |
|
|
0.5 |
|
|
|
108,000 |
|
|
|
(108,000 |
) |
|
|
— |
|
Non-compete agreements |
|
|
3.0 |
|
|
|
265,000 |
|
|
|
(58,889 |
) |
|
|
206,111 |
|
Technology |
|
|
15.0 |
|
|
|
1,583,000 |
|
|
|
(250,642 |
) |
|
|
1,332,358 |
|
Subtotal |
|
|
|
|
|
|
2,911,000 |
|
|
|
(784,447 |
) |
|
|
2,126,553 |
|
Intangible assets not subject to amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
— |
|
|
|
1,385,000 |
|
|
|
— |
|
|
|
1,385,000 |
|
Total |
|
|
|
|
|
$ |
4,296,000 |
|
|
|
(784,447 |
) |
|
$ |
3,511,553 |
|
|
X |
- References
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- DefinitionTabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.
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