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Note 8 - Intangible Assets
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Sep. 30, 2014
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| Intangible Assets Disclosure [Text Block] |
NOTE 8 - INTANGIBLE ASSETS
Intangible assets consisted of the following:
(A) Product Licenses
Product licenses include internally developed original license issues, renewals, enhancements, copyrights, trademarks, and trade names. Product licenses are amortized on a straight-line basis over their respective lives, and the unamortized amount of $26,277,038 will be amortized over the next 9.5 years. Amortization expense for the three months ended September 30, 2014 and 2013 was $882,675 and $433,559, respectively.
(B) Customer Lists
Customer lists are being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. The unamortized balance of $99,328 will be amortized over the next two years. Amortization expense for the three months ended September 30, 2014 and 2013 was $13,368 and $30,048, respectively.
(C) Technology
Technology assets are being amortized on a straight-line basis over five years, which approximates the anticipated rate of attrition. Amortization expense for the three months ended September 30, 2014 and 2013 was $117,590 and $12,119, respectively.
(D) Future Amortization
Estimated amortization expense of intangible assets over the next five years is as follows:
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