Intangibles and Other Assets (Notes)
 9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles and Other Assets
Intangibles and Other Assets

The following is a roll-forward of goodwill from December 31, 2013 to September 30, 2014:
Balance as of December 31, 2013
$
51,650,060

  Goodwill acquired related to the purchase of OFS
4,286,440

  Goodwill acquired related to the purchase of Comcar
2,353,982

  Goodwill acquired related to the purchase of One Stop
19,608,065

Balance as of September 30, 2014
$
77,898,547



The following is a summary of amortizable intangible assets as of September 30, 2014 and December 31, 2013:
 
September 30, 2014
 
December 31, 2013
 
Weighted-Average Life
Customer relationships
$
44,938,979

 
$
21,438,979

 
10.1 years
Noncompete agreements
339,000

 
139,000

 
4.2 years
Trade names
640,000

 
190,000

 
4.4 years
 
45,917,979

 
21,767,979

 
10.0 years
Less accumulated amortization
(13,924,780
)
 
(11,120,733
)
 
 
Intangible assets, net
$
31,993,199

 
$
10,647,246

 
 


Amortization expense related to intangible assets was $2,804,047 and $1,790,308 and for the nine months ended September 30, 2014 and 2013, respectively.

The estimated amortization expense for the next five years and thereafter is as follows:
Remainder of 2014
$
1,121,776

2015
4,383,929

2016
4,054,063

2017
3,741,285

2018
3,337,180

Thereafter
15,354,966

 
$
31,993,199