8. INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2017

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, 2017 (unaudited)	Amount		Amortization		Amount
Trademarks:
Wholesale	$	29,343,578	$	-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,389,127		206,350
Customer relationships		2,200,000		1,266,667		933,333
Total Identified Intangibles	$	37,039,055	$	3,655,794	$	33,383,261

	Gross		Accumulated		Carrying
December 31, 2016	Amount		Amortization		Amount
Trademarks:
Wholesale	$	29,343,578	$	-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,376,694		218,783
Customer relationships		2,200,000		1,246,667		953,333
Total Identified Intangibles	$	37,039,055	$	3,623,361	$	33,415,694

	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

Amortization expense for intangible assets was $32,433 and $33,415 for the three months ended March 31, 2017 and 2016, 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,:
2018	$	121,468
2019		113,484
2020		110,578
2021		105,556
2022		101,969