NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventory, Current

Inventories at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015		December 31, 2014
Inventory - tobacco leaf	$	1,554,258	$	1,537,521
Inventory - finished goods
Cigarettes and filtered cigars		402,605		154,568
Inventory - raw materials
Cigarette and filtered cigar components		535,683		423,330
		2,492,546		2,115,419
Less: inventory reserve		110,623		50,623
	$	2,381,923	$	2,064,796

Schedule of Intangible Assets and Goodwill

Total intangible assets at June 30, 2015 and December 31, 2014 consisted of the following:

	June 30, 2015		December 31, 2014
Intangible assets, net
Patent and trademark costs	$	4,750,043	$	4,405,586
Less: accumulated amortization		1,414,581		1,247,303
Patent and trademark costs, net		3,335,462		3,158,283
License fees, net (see Note 16)		1,450,000		1,450,000
Less: accumulated amortization		81,535		32,524
License fees, net		1,368,465		1,417,476
MSA signatory costs (see Note 7)		2,202,000		2,202,000
License fee for predicate cigarette brand		300,000		300,000
	$	7,205,927	$	7,077,759