8. INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

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, 2016 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,337,930		257,547
Customer relationships		2,200,000		1,186,667		1,013,333
Total Identified Intangibles	$	40,039,055	$	3,524,597	$	36,514,458

December 31, 2015
Trademarks:
Wholesale	$	32,343,578	$	-	$	32,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,324,515		270,962
Customer relationships		2,200,000		1,166,667		1,033,333
Total Identified Intangibles	$	40,039,055	$	3,491,182	$	36,547,873

March 31, 2015 (unaudited)
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

Amortization expense for intangible assets was $33,415 and $33,817 for the three months ended March 31, 2016 and 2015, respectively.  The weighted average amortization period for patents and customer relationships are 6 years.

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

2017	127,612
2018	121,468
2019	113,484
2020	110,578
2021	110,578