SEC Form 20-IS - iRemit Global Remittance

- 11 -
I-Remit, Inc. and Subsidiaries
Schedule D - Intangible Assets - Other Assets
December 31, 2011
Description (i) Beginning
Balance
Additions at Cost
(ii)
Charged to cost
and expenses
Charged to other
accounts
Other changes
additions
(iii)
(deductions)
Ending Balance
Goodwill 93,092,118 – – – (436,778) 92,655,340
Software 2,081, 747 2,034,070 (2, 4 56,524)
– (208,349) 1,450,944
_______________________________________________ (I)
The information required
shall be grouped into ( a) intangibles shown under
the caption
intangible
assets and (b) de ferrals shown under the
caption Other Assets in the related
balance sheet.
Show by major
classifications.
(II)
For each change representing
other
than an acquisition,
clearly
state the na ture of the
change and the other accounts affected.
Describe
cost of
additions representing other
than cash expenditures.
(III)
If provision for amortization
of int
angible assets is credited in the books
di rectly to the intangible
asset account,
the amounts
shall
be stated
with explanations, including
the accounts
charged.
Clearly state
the nature
of deductions
if these
represent anything
other
than regular
amortization.