8. INTANGIBLE ASSETS

9 Months Ended

Sep. 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
September 30, 2013 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	27,243,578	$	-	$	27,243,578
Retail		2,900,000		-		2,900,000
Patents		2,569,257		2,200,881		368,376
Customer relationships		1,000,000		1,000,000		-
Total Identified Intangibles	$	33,712,835	$	3,200,881	$	30,511,954

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

September 30, 2012 (unaudited)
Trademarks:
Wholesale	$	27,243,578	$	-	$	27,243,578
Retail		2,900,000		-		2,900,000
Patents		2,490,895		2,148,538		342,357
Customer relationships		1,000,000		1,000,000		-
Total Identified Intangibles	$	33,634,473	$	3,148,538	$	30,485,935

Amortization expense for intangible assets was $13,497 and $12,484 for the three months ended September 30, 2013 and 2012, respectively and $39,702 and $37,277 for the nine months ended September 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	$	53,545
2015		52,970
2016		50,196
2017		45,628
2018		39,484