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8. INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2016
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]
8.INTANGIBLE ASSETS

A schedule of intangible assets is as follows:


   Gross   Accumulated   Carrying 
June 30, 2016 (unaudited)  Amount   Amortization   Amount 
Trademarks:               
Wholesale  $32,343,578   $-   $32,343,578 
Retail   2,900,000    -    2,900,000 
Patents   2,595,477    2,350,975    244,502 
Customer relationships   2,200,000    1,206,666    993,334 
Total Identified Intangibles  $40,039,055   $3,557,641   $36,481,414 

          
December 31, 2015         
Trademarks:            
Wholesale $32,343,578  $-  $32,343,578 
Retail  2,900,000   -   2,900,000 
Patents  2,595,477   2,324,515   270,962 
Customer relationships  2,200,000   1,166,667   1,033,333 
Total Identified Intangibles $40,039,055  $3,491,182  $36,547,873 

          
June 30, 2015 (unaudited)         
Trademarks:            
Wholesale $32,343,578  $-  $32,343,578 
Retail  2,900,000   -   2,900,000 
Patents  2,595,477   2,297,187   298,290 
Customer relationships  2,200,000   1,126,666   1,073,334 
Total Identified Intangibles $40,039,055  $3,423,853  $36,615,202 

Amortization expense for intangible assets was $33,044 and $33,801 for the three months ended June 30, 2016 and 2015, respectively and $66,459 and $67,618 for the six months ended June 30, 2016 and 2015, respectively. The weighted average amortization period for patents is 15 years.


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


2017  $127,612 
2018   121,468 
2019   113,484 
2020   110,578 
2021   110,578 

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