Intangible Assets

3 Months Ended

Mar. 31, 2013

Intangible Assets [Abstract]

Intangible Assets

Note 3 – INTANGIBLE ASSETS

Intangible assets, and the related accumulated amortization, consist of the following:

	March 31, 2013				March 31, 2012				December 31, 2012
	Cost		Accumulated Amortization		Cost		Accumulated Amortization		Cost		Accumulated Amortization
Recipes	$	43,600	$	43,600	$	43,600	$	43,600	$	43,600	$	43,600
Customer lists and other customer related intangibles		4,504,200		2,137,640		4,504,200		1,666,438		4,504,200		2,025,736
Lease acquisition		87,200		87,200		87,200		87,200		87,200		87,200
Customer relationship		985,000		544,222		985,000		465,135		985,000		526,701
Trade names		2,248,000		915,936		2,248,000		766,068		2,248,000		878,469
Formula		438,000		292,000		438,000		248,200		438,000		281,050
	$	8,306,000	$	4,020,598	$	8,306,000	$	3,276,645	$	8,306,000	$	3,842,756

Amortization expense is expected to be approximately the following for the 12 months ending March 31:

2014	$	711,367
2015		711,367
2016		711,367
2017		682,166
2018		667,567
Thereafter		801,568
	$	4,285,402

Amortization expense during the three months ended March 31, 2013 and 2012 was $177,842 and $188,705, respectively.