Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2015
INTANGIBLE ASSETS  
Schedule of Intangible Assets

 

 

December 31, 2015

 

December 31, 2014

 

Intangible Assets

 

$

41,014,992

 

$

49,914,360

 

Accumulated Amortization & Impairment

 

(15,557,353

)

(6,550,528

)

 

 

 

 

 

 

Intangible assets, net

 

$

25,457,639

 

$

43,363,832

 

 

 

 

 

 

 

 

 

 

Schedule of Amortization Expense

2016

 

$

7,495,068 

 

2017

 

5,312,559 

 

2018

 

3,715,236 

 

2019

 

2,879,831 

 

2020

 

2,143,028 

 

2021 and thereafter

 

3,911,917 

 

 

 

 

 

Total

 

$

25,457,639