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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2014
INTANGIBLE ASSETS AND GOODWILL [Abstract]  
Schedule of Other Intangible Assets
December 31, 2014     December 31, 2013  
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       1,532,123       465,177       1,997,300       1,343,819       653,481  
Acquired intangibles-patents and patent rights   Varied (1)     3,650,000       852,343       2,797,657       30,356,164       2,042,083       28,314,081  
Patent application costs   Varied (2)     1,058,833       413,268       645,565       965,523       330,494       635,029  
        $ 6,706,133     $ 2,797,734     $ 3,908,399     $ 33,318,987     $ 3,716,396     $ 29,602,591  
Schedule of Estimated Future Amortization of Intangible Assets


 

Year Amount  
 
2015 $ 894,000  
2016 $ 692,000  
2017   $ 673,000  
2018   $ 537,000  
2019   $ 265,000  
Schedule of Goodwill
Packaging
Segment
  Plastics
Segment
    Technology
Segment
    Total  
                 
Balance as of January 1, 2013                          
Goodwill $ 1,768,400     $ 684,949     $ 869,450     $ 3,322,799  
Accumulated impairment losses     -       -       -       -  
      1,768,400       684,949       869,450       3,322,799  
                                 
Goodwill acquired during the year     -       -       11,962,324       11,962,324  
Impairment losses     -       -       (238,926 )     (238,926 )
                                 
Balance as of December 31, 2013                                
Goodwill     1,768,400       684,949       12,831,774       15,285,123  
Accumulated impairment losses     -       -       (238,926 )     (238,926 )
      1,768,400       684,949       12,592,848       15,046,197  
                                 
Goodwill acquired during the year     -       -       -       -  
Impairment losses     -       -       (3,000,000 )     (3,000,000
                                 
Balance as of December 31, 2014                                
Goodwill     1,768,400       684,949       12,831,774       15,285,123  
Accumulated impairment losses     -       -       (3,238,926 )     (3,238,926 )
    $ 1,768,400     $ 684,949     $ 9,592,848     $ 12,046,197