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Intangible Assets
 12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Note 3 - Intangible Assets

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

 

    December 31, 2014     December 31, 2013  
    Cost     Accumulated Amortization     Cost     Accumulated Amortization  
Recipes   $ 43,600     $ 43,600     $ 43,600     $ 43,600  
Customer lists and other customer related intangibles     4,529,200       2,926,719       4,504,200       2,474,790  
Customer relationship     985,000       666,869       985,000       596,785  
Trade names     2,248,000       1,178,198       2,248,000       1,028,334  
Formula     438,000       368,650       438,000       324,850  
    $ 8,243,800     $ 5,184,036     $ 8,218,800     $ 4,468,359  

  

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

 

2015   $ 715,677  
2016     697,427  
2017     671,877  
2018     634,863  
2019     209,578  
Thereafter     130,342  
    $ 3,059,764  

  

Amortization expense during the years ended December 31, 2014, 2013 and 2012 was $715,677, $712,803 and $754,817, respectively.