8. INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

8. INTANGIBLE ASSETS

A schedule of intangible assets is as follows:

	Gross		Accumulated		Carrying
June 30, 2013 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	27,243,578	$	-	$	27,243,578
Retail		2,900,000		-		2,900,000
Patents		2,547,465		2,187,384		360,081
Customer relationships		1,000,000		1,000,000		-
Total Identified Intangibles	$	33,691,043	$	3,187,384	$	30,503,659

December 31, 2012
Trademarks:
Wholesale	$	27,243,578	$	-	$	27,243,578
Retail		2,900,000		-		2,900,000
Patents		2,516,402		2,161,178		355,224
Customer relationships		1,000,000		1,000,000		-
Total Identified Intangibles	$	33,659,980	$	3,161,178	$	30,498,802

June 30, 2012 (unaudited)
Trademarks:
Wholesale	$	27,243,578	$	-	$	27,243,578
Retail		2,900,000		-		2,900,000
Patents		2,483,337		2,136,054		347,283
Customer relationships		1,000,000		1,000,000		-
Total Identified Intangibles	$	33,626,915	$	3,136,054	$	30,490,861

Amortization expense for intangible assets was $13,302 and $12,450 for the three months ended June 30, 2013 and 2012, respectively and $26,205 and $24,793 for the six months ended June 30, 2013 and 2012, respectively. The weighted average amortization period for patents is 15 years.

Estimate of Aggregate Amortization Expense for the years ending December 31,:

2014	$	52,328
2015		51,753
2016		48,979
2017		44,411
2018		38,267