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8. INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2015
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]
8. INTANGIBLE ASSETS

A schedule of intangible assets is as follows:


  Gross     Accumulated     Carrying  
September 30, 2015 (unaudited)   Amount     Amortization     Amount  
Trademarks:                        
    Wholesale   $ 32,343,578     $ -     $ 32,343,578  
    Retail     2,900,000       -       2,900,000  
Patents     2,595,477       2,310,913       284,564  
Customer relationships     2,200,000       1,146,667       1,053,333  
    Total Identified Intangibles   $ 40,039,055     $ 3,457,580     $ 36,581,475  

                   
December 31, 2014                  
Trademarks:                        
    Wholesale   $ 32,343,578     $ -     $ 32,343,578  
    Retail     2,900,000       -       2,900,000  
Patents     2,594,301       2,269,569       324,732  
Customer relationships     2,200,000       1,086,666       1,113,334  
    Total Identified Intangibles   $ 40,037,879     $ 3,356,235     $ 36,681,644  

                   
September 30, 2014 (unaudited)                  
Trademarks:                        
    Wholesale   $ 32,343,578     $ -     $ 32,343,578  
    Retail     2,900,000       -       2,900,000  
Patents     2,586,460       2,255,898       330,562  
Customer relationships     2,200,000       1,066,667       1,133,333  
    Total Identified Intangibles   $ 40,030,038     $ 3,322,565     $ 36,707,473  

Amortization expense for intangible assets was $33,726 and $33,742 for the three months ended September 30, 2015 and 2014, respectively and $101,345 and $101,231 for the nine months ended September 30, 2015 and 2014, respectively.  The weighted average amortization period for patents is 15 years.


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


2016     $ 132,180  
2017       127,612  
2018       121,468  
2019       113,484  
2020       110,578