IDENTIFIED INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

IDENTIFIED INTANGIBLE ASSETS [Abstract]

IDENTIFIED INTANGIBLE ASSETS

7.  IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:

		Gross		Accumulated		Carrying
March 31, 2018		Amount		Amortization		Amount
Trademarks
Wholesale	$	27,192,281		-	$	27,192,281
Retail		2,900,000		-		2,900,000
Patents		895,477	$	683,915		211,562
Customer Relationships		-		-		-
Total Intangibles	$	30,987,758	$	683,915	$	30,303,843
		Gross		Accumulated		Carrying
December 31, 2017		Amount		Amortization		Amount
Trademarks
Wholesale	$	27,192,281		-	$	27,192,281
Retail		2,900,000		-		2,900,000
Patents		895,477	$	673,009		222,468
Customer Relationships		-		-		-
Total Intangibles	$	30,987,758	$	673,009	$	30,314,749
		Gross		Accumulated		Carrying
March 31, 2017		Amount		Amortization		Amount
Trademarks
Wholesale	$	29,343,578		-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477	$	2,389,127		206,350
Customer Relationships		2,200,000		1,266,667		933,333
Total Intangibles	$	37,039,055	$	3,655,794	$	33,383,261

The weighted average life for our patents is 4.3 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three months ended is as follows:

		Three Months Ended
		March 31,
		2018		2017
Amortization expense	$	11,000	$	32,000

A schedule of approximate expected amortization expense related to finite-lived intangible assets for the years ending December 31, is as follows:

		Amortization
		Expense
2018	$	41,000
2019		33,000
2020		31,000
2021		26,000
2022		22,000
2023+		69,000