XML 76 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Intangible Assets
 12 Months Ended
Dec. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets
Note 3 – INTANGIBLE ASSETS

Intangible assets, and the related accumulated amortization, consist of the following:

                                 
   
December 31, 2012
    
December 31, 2011
  
   
Cost
    
Accumulated Amortization
    
Cost
    
Accumulated Amortization
  
Recipes
   $ 43,600     $ 43,600     $ 43,600     $ 43,600  
Customer lists and other customer related intangibles
     4,504,200       2,025,736       4,504,200       1,546,671  
Lease acquisition
     87,200       87,200       87,200       87,200  
Customer relationship
     985,000       526,701       985,000       444,618  
Trade names
     2,248,000       878,469       2,248,000       728,601  
Formula
     438,000       281,050       438,000       237,250  
    $ 8,306,000     $ 3,842,756     $ 8,306,000     $ 3,087,940  

 
 
Amortization expense is expected to be approximately the following for the 12 months ending December 31:

2013
   $
711,366
  
2014
    
711,366
  
2015
    
711,367
  
                         2016
    
693,117
  
2017
    
667,566
  
Thereafter
    
968,460
  
    $
4,463,242
  

Amortization expense during the years ended December 31, 2012 and 2011 was $754,817 and $783,833, respectively.