Quarterly report pursuant to Section 13 or 15(d)

6. Goodwill and Other Intangibles

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6. Goodwill and Other Intangibles
3 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles

The Company’s intangible assets consist of goodwill, customer relationships intangible, licenses for the use of internet domain names, Universal Resource Locators, or URL’s, software, and marketing and technology related intangibles. All such assets are capitalized at their original cost and amortized over their estimated useful lives as follows: domain name and marketing – 3 to 20 years; software – 5 years, customer relationships – 15 years. Goodwill is not amortized, but is evaluated for impairment on at least an annual basis.

  

The following summarizes estimated future amortization expense related to intangible assets that have net balances as of December 31, 2016:

 

       2017   $ 711,596  
       2018     710,581  
       2019     710,581  
       2020     243,555  
       2021     243,555  
Thereafter     409,503  
    $ 3,029,371