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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets [Abstract]  
Schedule of Other Intangible Assets

Intangible assets are comprised of the following:

 

        September 30, 2013     December 31, 2012  
    Useful Life   Gross Carrying
Amount		     Accumulated
Amortizaton		     Net Carrying
Amount		     Gross Carrying
Amount		     Accumulated
Amortizaton		     Net Carrying
Amount		  
                                         
Acquired intangibles- customer lists and non-compete agreements   5 -10 years   $ 1,997,300     $ 1,296,743     $ 700,557     $ 2,405,300      $ 1,243,865     $ 1,161,435  
Acquired intangibles-patents and patent rights   Varied (1)     30,361,883       961,894       29,399,989       -       -       -  
Patent application costs   Varied (1)     1,009,220       334,772       674,448       956,714       265,472       691,242  
        $ 33,368,403     $ 2,593,409     $ 30,774,994     $ 3,362,014     $ 1,509,337     $ 1,852,677  

 

(1) patent application costs, patent and patent rights are amortized over their expected useful life which is generally the remaining legal life of the patent. As of September 30, 2013, the weighted average remaining useful life of these assets in service was approximately 7.0 years.
Schedule of Estimated Future Amortization of Intangible Assets

Approximate expected amortization for each of the five succeeding fiscal years is as follows:

 

2014   $ 4,583,000  
2015   $ 4,497,000  
2016   $ 4,349,000  
2017   $ 4,276,000  
2018   $ 4,230,000  

 
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2013, are as follows.

 

    Packaging
Segment		     Printing
Segment		     Plastics
Segment		     Technology
Segment		     Total  
                               
Balance as of January 1, 2013                                        
Goodwill   $ 1,768,400     $ 630,524     $ 684,949     $ 238,926     $ 3,322,799  
Accumulated impairment losses     -       -       -       -       -  
      1,768,400       630,524       684,949       238,926       3,322,799  
                                         
Goodwill acquired during the year     -       -       -       12,221,443       12,221,443  
Impairment losses     -       -       -       (238,926 )     (238,926 )
                                         
Balance as of September 30, 2013                                        
Goodwill     1,768,400       630,524       684,949       12,460,369       15,544,242  
Accumulated impairment losses     -       -       -       (238,926 )     (238,926 )
    $ 1,768,400     $ 630,524     $ 684,949     $ 12,221,443     $ 15,305,316