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8. INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block] (Deprecated 2012-01-31)

		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

Finite-Lived Intangible Assets, Amortization Method

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

X

- Definition

The amortization method of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar either by their nature or by their use in the operations of a company. The straight-line method is the preferred amortization method, unless another method better reflects the pattern in which the asset is consumed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 12, 13, 14

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 35

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=7658317&loc=d3e15372-109273

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X

- Definition

Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

+ References

No definition available.

+ Details

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