Goodwill and Indefinite-Lived Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2014

A reconciliation of the change in the carrying value of goodwill is as follows:



Balance as of January 1, 2013	$	3,592,073
Acquired from acquisitions		-
Foreign currency translation		73,126
Balance as of December 31, 2013		3,665,199
Acquired from acquisitions		4,129,248
Disposed with Hive Out Agreement		(4,129,248)
Foreign currency translation		32,629
Balance as of March 31, 2014	$	3,697,828