8. INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2015

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, 2015 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,297,187		298,290
Customer relationships		2,200,000		1,126,666		1,073,334
Total Identified Intangibles	$	40,039,055	$	3,423,853	$	36,615,202

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

June 30, 2014 (unaudited)
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,586,460		2,242,157		344,303
Customer relationships		2,200,000		1,046,667		1,153,333
Total Identified Intangibles	$	40,030,038	$	3,288,824	$	36,741,214

Amortization expense for intangible assets was $33,801 and $33,741 for the three months ended June 30, 2015 and 2014, respectively and $67,618 and $67,489 for the six months ended June 30, 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