|12 Months Ended|
Dec. 31, 2016
|Notes to Financial Statements|
|Note 7. INTANGIBLE ASSETS||
NOTE 7 – INTANGIBLE ASSETS
Intangible assets as of December 31, 2016 and 2015 consisted of the following:
Intangible assets with finite lives are amortized over their estimated useful lives. We recorded amortization expense of $1,308,212, $42,480 and $42,480 for the years ended December 31, 2016, 2015 and 2014, respectively. Based solely on the amortizable intangible assets recorded at December 31, 2016, we estimate amortization expense for the next five years to be as follows:
Actual amortization expense to be reported in future periods could differ from these estimates as a result of new intangible asset acquisitions, changes in useful lives or other relevant factors or changes.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef