Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
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		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		22,780,720
Less: Accumulated Amortization		6,987,982		5,736,320
Intangible Assets	$	15,792,738	$	17,044,400
Goodwill	$	4,696,370	$	4,696,370

Amortization expense for patents andtrademarks for the years ended December 31, 2019 and 2018 were $1,251,662 and $1,217,525, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2020 - $1,236,796; 2021 - $1,234,971; 2022 - $1,231,686; 2023 - $1,227,488; and 2024 - $1,222,299.