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

A schedule of intangible assets is as follows:


    Gross     Accumulated     Carrying  
September 30, 2012 (unaudited)   Amount     Amortization     Amount  
Trademarks:                        
Wholesale   $ 27,243,578     $ -     $ 27,243,578  
Retail     2,900,000       -       2,900,000  
Patents     2,490,895       2,148,538       342,357  
Customer relationships     1,000,000       1,000,000       -  
Total Identified Intangibles   $ 33,634,473     $ 3,148,538     $ 30,485,935  

                   
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  

                   
September 30, 2011 (unaudited)                  
Trademarks:                        
Wholesale   $ 27,243,578     $ -     $ 27,243,578  
Retail     2,900,000       -       2,900,000  
Patents     2,460,790       2,099,101       361,689  
Customer relationships     1,000,000       1,000,000       -  
Total Identified Intangibles   $ 33,604,368     $ 3,099,101     $ 30,505,267  

Amortization expense for intangible assets was $12,484 and $12,041 for the three months ended September 30, 2012 and 2011, respectively and $37,277 and $36,316 for the nine months ended September 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   $ 49,330  
2014     48,557  
2015     47,982  
2016     45,207  
2017     40,640  

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