
8.			IDENTIFIED INTANGIBLES

A schedule of intangible assets is as follows:

	Gross		Accumulated		Carrying
June 30, 2017	Amount		Amortization		Amount

Trademarks:
Wholesale	$	29,343,578	$	-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,401,358		194,119
Customer relationships		2,200,000		1,286,667		913,333
Total Identified Intangibles	$	37,039,055	$	3,688,025	$	33,351,030

	Gross		Accumulated		Carrying
December 31, 2016	Amount		Amortization		Amount

Trademarks:
Wholesale	$	29,343,578	$	-	$	29,343,578
Retail		2,900,000		-		2,900,000
Patents		2,595,477		2,376,694		218,783
Customer relationships		2,200,000		1,246,667		953,333
Total Identified Intangibles	$	37,039,055	$	3,623,361	$	33,415,694

	Gross		Accumulated		Carrying
June 30, 2016	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

Amortization expense for intangible assets was $32,231 and $33,044 for the three months ended June 30, 2017 and 2016, respectively and $64,664 and $66,459 for the six months ended June 30, 2017 and 2016 respectively. The weighted average amortization period for patents and customer relationships are 6 years.

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

2018	$	121,468
2019		113,484
2020		110,578
2021		105,556
2022		101,969