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Intangible Assets and Goodwill
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

4.  Intangible Assets and Goodwill    

   December 31,
Intangible assets consisted of:  2016  2015
       
First Aid Only Tradename, Customer List  $8,910,010   $8,910,010 
DMT Tradename, Customer List   2,756,000    —   
DMT Non-Compete   183,000    —   
Patents   2,271,980    2,242,844 
Trademarks   663,698    663,698 
Pac-Kit Tradename, Customer List   1,500,000    1,500,000 
C-Thru, Customer List   1,050,000    1,050,000 
     Subtotal   17,334,688    14,366,552 
Accumulated amortization   3,346,502    2,415,561 
     Subtotal Intangible assets   13,988,186    11,950,991 
           
Goodwill   3,948,235    1,406,000 
   $17,936,421   $13,356,991 

 

 

 

Amortization expense for patents and trademarks for the years ended December 31, 2016, and 2015 were $930,941 and $734,496, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2017 - $953,038; 2018 - $932,247; 2019 - $881,785; 2020 - $877,164; and 2021 - $875,339.