8. INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2015

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

8. INTANGIBLE ASSETS

A schedule of intangible assets is as follows:

	Gross		Accumulated		Carrying
March 31, 2015 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,283,386		312,091
Customer relationships		2,200,000		1,106,666		1,093,334
Total Identified Intangibles	$	40,039,055	$	3,390,052	$	36,649,003

December 31, 2014
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,594,301		2,269,569		324,732
Customer relationships		2,200,000		1,086,666		1,113,334
Total Identified Intangibles	$	40,037,879	$	3,356,235	$	36,681,644

March 31, 2014 (unaudited)
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,584,855		2,228,415		356,440
Customer relationships		2,200,000		1,026,667		1,173,333
Total Identified Intangibles	$	40,028,433	$	3,255,082	$	36,773,351

Amortization expense for intangible assets was $33,817 and $33,748 for the three months ended March 31, 2015 and 2014, respectively. The weighted average amortization period for patents is 15 years.

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

2016	$	132,180
2017		127,612
2018		121,468
2019		113,484
2020		110,578