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8. INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2012
Intangible Assets Disclosure [Text Block]
8. INTANGIBLE ASSETS

A schedule of intangible assets is as follows:


    Gross     Accumulated     Carrying  
June 30, 2012 (unaudited)   Amount     Amortization     Amount  
Trademarks:                        
Wholesale   $ 27,243,578     $ -     $ 27,243,578  
Retail     2,900,000       -       2,900,000  
Patents     2,483,337       2,136,054       347,283  
Customer relationships     1,000,000       1,000,000       -  
Total Identified Intangibles   $ 33,626,915     $ 3,136,054     $ 30,490,861  
                         
                         
December 31, 2011                        
Trademarks:                        
Wholesale   $ 27,243,578     $ -     $ 27,243,578  
Retail     2,900,000       -       2,900,000  
Patents     2,460,790       2,111,261       349,529  
Customer relationships     1,000,000       1,000,000       -  
Total Identified Intangibles   $ 33,604,368     $ 3,111,261     $ 30,493,107  
                         
                         
                         
June 30, 2011 (unaudited)                        
Trademarks:                        
Wholesale   $ 27,243,578     $ -     $ 27,243,578  
Retail     2,900,000       -       2,900,000  
Patents     2,447,750       2,087,060       360,690  
Customer relationships     1,000,000       1,000,000       -  
Total Identified Intangibles   $ 33,591,328     $ 3,087,060     $ 30,504,268  

Amortization expense for intangible assets was $12,450 and $12,110 for the three months ended June 30, 2012 and 2011, respectively and $24,793 and 24,275 for the six months ended June 30, 2012 and 2011, respectively.  The weighted average amortization period for patents is 15 years.


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


  2013     $ 48,826  
  2014       48,053  
  2015       47,477  
  2016       44,704  
  2017       40,136