Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

4. Intangible Assets and Goodwill

The Company’s intangible assets and goodwill consisted of:

	December 31,
	2018		2017
First Aid Only Tradename	$	3,410,000	$	3,410,000
First Aid Only Customer List		5,500,010		5,500,010
DMT Trademarks		1,387,000		1,387,000
DMT Customer List		1,369,000		1,369,000
DMT Non-Compete		183,000		183,000
Slice License Agreement		379,921		—
Patents		2,271,980		2,271,980
Trademarks		663,698		663,698
Pac-Kit Tradename, Customer List		1,500,000		1,500,000
Spill Magic Customer List		3,965,000		3,965,000
Spill Magic Trademarks		1,034,000		1,034,000
Spill Magic Non-Compete		67,111		67,111
C-Thru Customer List		1,050,000		1,050,000
Subtotal		22,780,720		22,400,799
Less: Accumulated Amortization		5,736,320		4,518,794
Subtotal Intangible Assets		17,044,400		17,882,005
Goodwill		4,696,370		4,696,370
Total:	$	21,740,770	$	22,578,375

Amortization expense for patents and trademarks for the years ended December 31, 2018 and 2017 were $1,217,526 and $1,172,292, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2019 - $1,241,417; 2020 - $1,236,796; 2021 - $1,234,971; 2022 - $1,231,686; and 2023 - $1,227,488.