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Intangible Assets
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4.  Intangible Assets

 

Intangible assets consisted of:

 

    2012     2011  
Patents   $ 1,982,918     $ 1,885,888  
Trademarks     601,716       565,273  
Pac-Kit Tradename, Customer List     1,500,000       1,500,000  
C-Thru, Customer List     1,050,000       -  
      5,134,634       3,951,161  
accumulated amortization     894,233       666,498  
    $ 4,240,401     $ 3,284,663  

 

Amortization expense for patents and trademarks for the years ended December 31, 2012, and 2011 were $227,662 and $183,385, respectively.   The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows:  2013 - $270,033; 2014 - $256,803; 2015 - $244,095; 2016 - $242,271; and 2017 - $238,328.