Intangible Assets

3 Months Ended

Mar. 31, 2014

Intangible Assets [Abstract]

Intangible Assets

Note 3 – INTANGIBLE ASSETS

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

	March 31, 2014				March 31, 2013				December 31, 2013
	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		2,587,772		4,504,200		2,137,640		4,504,200		2,474,790
Lease acquisition		87,200		87,200		87,200		87,200		87,200		87,200
Customer relationship		985,000		614,306		985,000		544,222		985,000		596,785
Trade names		2,248,000		1,065,800		2,248,000		915,936		2,248,000		1,028,334
Formula		438,000		335,800		438,000		292,000		438,000		324,850
	$	8,306,000	$	4,734,478	$	8,306,000	$	4,020,598	$	8,306,000	$	4,555,559

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

2015	$	715,676
2016		715,676
2017		686,476
2018		671,876
2019		594,856
Thereafter		186,962
	$	3,571,522

Amortization expense during the three months ended March 31, 2014 and 2013 was $178,919 and $177,842, respectively.