Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

4. Intangible Assets and Goodwill

The Company’s intangible assets and goodwill consisted of:

	December 31,
	2020		2019
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
FAC		1,332,963		-
Med-Nap		2,920,145		-
Subtotal		27,033,828		22,780,720
Less: Accumulated Amortization		8,312,405		6,987,982
Intangible Assets	$	18,721,423	$	15,792,738
Goodwill	$	4,799,829	$	4,696,370
Total:	$	23,521,252	$	20,489,108

Amortization expense for patents and trademarks for the years ended December 31, 2020 and 2019 were $1,324,423 and $1,251,662, respectively. The estimated aggregate amortization expense for each of the next five succeeding years, calculated on a similar basis, is as follows: 2021 - $1,305,088; 2022 - $1,301,802; 2023 - $1,297,605; 2024 - $1,292,415; and 2025 - $1,290,222.