Schedule of intangible assets |
At March 31, 2018, the Company’s intangible assets, net, consisted of the following: | | Useful | | Gross | | | | Net | | | | Life | | March 31, | | Accumulated | | March 31, | | | | (Years) | | 2018 | | Amortization | | 2018 | | Indefinite Lived Assets: | | | | | | | | | | | | | | Medicare license | | | N/A | | $ | 1,994,000 | | $ | - | | $ | 1,994,000 | | Amortized Intangible Assets: | | | | | | | | | | | | | | Network relationships | | | 11-15 | | | 109,883,000 | | | (39,179,025) | | | 70,703,975 | | Management contracts | | | 15 | | | 22,832,000 | | | (5,646,843) | | | 17,185,157 | | Member relationships | | | 12 | | | 6,696,000 | | | (357,292) | | | 6,338,708 | | Patient management platform | | | 5 | | | 2,060,000 | | | (137,333) | | | 1,922,667 | | Tradename/trademarks | | | 20 | | | 1,011,000 | | | (16,850) | | | 994,150 | | | | | | | $ | 144,476,000 | | $ | (45,337,343) | | $ | 99,138,657 | | At December 31, 2017, the Company’s intangible assets, net, consisted of the following: | | Useful | | Gross | | | | Net | | | | Life | | December 31, | | Accumulated | | December 31, | | | | (Years) | | 2017 | | Amortization | | 2017 | | Indefinite Lived Assets: | | | | | | | | | | | | | Medicare license | | N/A | | $ | 1,994,000 | | $ | - | | $ | 1,994,000 | | Amortized Intangible Assets: | | | | | | | | | | | | | Network relationships | | 11-15 | | | 109,883,000 | | | (35,842,508) | | | 74,040,492 | | Management contracts | | 15 | | | 22,832,000 | | | (5,014,886) | | | 17,817,114 | | Member relationships | | 12 | | | 6,696,000 | | | (46,500) | | | 6,649,500 | | Patient management platform | | 5 | | | 2,060,000 | | | (34,336) | | | 2,025,664 | | Tradename/trademarks | | 20 | | | 1,011,000 | | | (4,212) | | | 1,006,788 | | | | | | $ | 144,476,000 | | $ | (40,942,442) | | $ | 103,533,558 | |
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