XML 69 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4.  Intangible Assets

 

Intangible assets consisted of:  2013  2012
Patents  $2,054,316   $1,982,918 
Trademarks   632,458    601,716 
Pac-Kit Tradename, Customer List   1,500,000    1,500,000 
C-Thru, Customer List   1,050,000    1,050,000 
    5,236,774    5,134,634 
accumulated amortization   1,164,877    894,233 
   $4,071,897   $4,240,401 

 

Amortization expense for patents and trademarks for the years ended December 31, 2013, and 2012 were $270,644 and $227,662, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2014 - $259,202; 2015 - $246,494; 2016 - $244,669; 2017 - $240,727; and 2018 - $234,715.