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8. INTANGIBLE ASSETS
 9 Months Ended
Sep. 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 
September 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    2,363,898    231,579 
Customer relationships   2,200,000    1,226,667    973,333 
Total Identified Intangibles  $40,039,055   $3,590,565   $36,448,490 

   Gross   Accumulated   Carrying 
December 31, 2015  Amount   Amortization   Amount 
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 

   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 

Amortization expense for intangible assets was $32,924 and $33,726 for the three months ended September 30, 2016 and 2015, respectively and $99,383 and $101,345 for the nine months ended September 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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