Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

On February 19, 2015, the Company purchased an intangible asset valued at $50,000 for 1,000,000 shares of common stock. Amortization of customer contracts will be included in general and administrative expenses. The Company began amortizing the customer contracts in January 2015.  Amortization expense for the three and six months ended June 30, 2015 was $6,250 and $12,500, respectively.  Future amortization of intangible assets is as follows:

 

2015   $  12,500  
2016     25,000  
2017     25,000  
2018     25,000  
2019 and thereafter     150,000  
Total   $ 237,500