Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Intangible Assets [Abstract]

Schedule of intangible assets

December 31, 2018 

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	439,972	$	182,761
Trade names and trademarks		1,649,880		561,449		1,088,431
Customer list		525,663		48,186		477,477
Product formulas		262,832		24,093		238,739
Royalty rights		160,000		97,196		62,804
Total intangible assets	$	3,221,108	$	1,170,896	$	2,050,212

December 31, 2017 

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	387,636	$	235,097
Trade names and trademarks		1,131,125		549,561		581,564
Royalty rights		160,000		79,253		80,747
Total intangible assets	$	1,913,858	$	1,016,450	$	897,408

Schedule of allocated cost of intangible assets acquired from Snappy Marine and their respective useful lives

Intangible Assets	Amount		Life
Trademarks and trade names	$	518,755	20 years
Customer list		525,663	5 years
Product formulas		262,832	5  years
Total intangible assets acquired from Snappy Marine	$	1,307,250