7. IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:


		Gross		Accumulated		Carrying
September 30, 2018		Amount		Amortization		Amount
Trademarks
Wholesale	$	27,192,281		-	$	27,192,281
Retail		2,900,000		-		2,900,000
Patents		895,477	$	704,953		190,524
Customer Relationships		-		-		-
Total Intangibles	$	30,987,758	$	704,953	$	30,282,805

		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
September 30, 2017		Amount		Amortization		Amount
Trademarks
Wholesale	$	29,343,578		-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477	$	2,413,054		182,423
Customer Relationships		2,200,000		1,306,667		893,333
Total Intangibles	$	37,039,055	$	3,719,721	$	33,319,334

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 and nine months ended September 30, 2018 and 2017 is as follows:


		Three Months Ended			Nine Months Ended
		September 30,			September 30,
		2018		2017	2018		2017
Amortization expense	$	10,000	$	32,000	32,000	$	96,000

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