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Intangible Assets and Goodwill
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

4.  Intangible Assets and Goodwill

 

   December 31,
Intangible assets consisted of:  2014  2013
       
First Aid Only Tradename, Customer List  $8,910,000   $—   
Patents   2,111,978    2,054,316 
Trademarks   663,698    632,458 
Pac-Kit Tradename, Customer List   1,500,000    1,500,000 
C-Thru, Customer List   1,050,000    1,050,000 
Goodwill   1,375,000    —   
    15,610,676    5,236,774 
Accumulated amortization   1,681,065    1,164,877 
   $13,929,611   $4,071,897 

 

Amortization expense for patents and trademarks for the years ended December 31, 2014, and 2013 were $516,187 and $270,644, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2015 - $710,924; 2016 - $709,099; 2017 - $705,156; 2018 - $684,146; and 2019 - $633,903.