XML 49 R32.htm IDEA: XBRL DOCUMENT v3.6.0.2
INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Components of intangible assets (all subject to amortization) consist of the following items:
 
 
 
 
December 31, 2016
 
December 31, 2015
 
 
Useful Life
(in years)
 
Gross
Carrying
Amount
 
 
Accumulated Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
 
Accumulated Amortization
 
Net
Carrying
Amount
Customer relations
 
5-8
 
$
1,011,000

 
$
689,032

 
$
321,968

 
$
1,011,000

 
$
581,321

 
$
429,679

Vendor relations
 
10
 
6,495,049

 
2,210,166

 
4,284,883

 
6,495,049

 
1,560,661

 
4,934,388

H&H Oil Trademark/Trade name
 
6-16
 
1,219,000

 
337,276

 
881,724

 
1,219,000

 
264,639

 
954,361

TCEP Technology/Patent
 
15
 
13,287,000

 
3,523,243

 
9,763,757

 
13,287,000

 
2,637,443

 
10,649,557

Non-compete agreements
 
3
 
139,000

 
139,000

 

 
139,000

 
139,000

 

 
 
 
 
$
22,151,049

 
$
6,898,717

 
$
15,252,332

 
$
22,151,049

 
$
5,183,064

 
$
16,967,985

Schedule of Estimated Future Amortization Expense
Estimated future amortization expense is as follows:
2017
$
1,698,372

2018
1,646,923

2019
1,646,922

2020
1,646,922

2021
1,646,922

Thereafter
6,966,271

 
$
15,252,332