| Schedule of Goodwill [Table Text Block] |
Goodwill at September 30, 2012, was as follows:
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill
at December 31, 2011
|
|
$
|
6,970,931
|
|
|
$
|
(1,049,041
|
)
|
|
$
|
5,921,890
|
|
|
Goodwill
acquired during period
|
|
|
---
|
|
|
|
---
|
|
|
|
---
|
|
|
Goodwill
at September 30, 2012
|
|
$
|
6,970,931
|
|
|
$
|
(1,049,041
|
)
|
|
$
|
5,921,890
|
|
|
| Schedule of Intangible Assets and Goodwill [Table Text Block] |
Intangible assets at September 30, 2012, consisted of the
following:
|
|
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Total
|
|
|
Intangible
Assets with Indefinite Lives:
|
|
|
|
|
|
|
|
|
|
|
Bingo
licenses at December 31, 2011
|
|
$
|
881,339
|
|
|
|
(51,974
|
)
|
|
$
|
829,365
|
|
|
Licenses
acquired during the period
|
|
|
---
|
|
|
|
---
|
|
|
|
---
|
|
|
Bingo
licenses at September 30, 2012
|
|
$
|
881,339
|
|
|
|
(51,974
|
)
|
|
$
|
829,365
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible
Assets with Finite Lives:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Covenants
not to compete at December 31, 2011
|
|
$
|
927,500
|
|
|
|
(364,514
|
)
|
|
|
562,986
|
|
|
Change
in covenants not to compete
|
|
|
---
|
|
|
|
(111,250
|
)
|
|
|
(111,250
|
)
|
|
Covenants
not to compete at September 30, 2012
|
|
$
|
927,500
|
|
|
|
(475,764
|
)
|
|
$
|
451,736
|
|
|
Intangible
Assets, Net of Accumulated Amortization
|
|
|
|
|
|
|
|
|
|
$
|
1,281,101
|
|
|