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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets are comprised of the following:
|  |  |  | December 31, 2018 |  |  | December 31, 2017 |
|  | Useful Life |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Acquired intangibles - customer lists, licenses and non-compete agreements |  | 5-10 years |  |  | 1,284,065 |  |  |  | 823,884 |  |  |  | 460,181 |  |  |  | 1,997,300 |  |  |  | 1,810,750 |  |  |  | 186,550 |
Acquired intangibles - patents and patent rights |  |  |  |  | 500,000 |  |  |  | 500,000 |  |  |  | - |  |  |  | 3,155,000 |  |  |  | 2,603,942 |  |  |  | 551,058 |
Patent application costs |  | Varied (1) |  |  | 1,168,155 |  |  |  | 746,925 |  |  |  | 421,230 |  |  |  | 1,148,017 |  |  |  | 664,873 |  |  |  | 483,144 |
|  |  |  | $ | 2,952,220 |  |  | $ | 2,070,809 |  |  | $ | 881,411 |  |  | $ | 6,300,317 |  |  | $ | 5,079,565 |  |  | $ | 1,220,752 |
| (1) | Patent application costs are amortized over their expected useful life which is generally the remaining legal life of the patent. As of December 31, 2018, the weighted average remaining useful life of these assets in service was approximately 6.9 years.
Schedule of Estimated Future Amortization of Intangible Assets | Approximate expected amortization for each of the five succeeding fiscal years is as follows:
Year |  | Amount |
2019 |  | $ | 345,100 |
2020 |  | $ | 209,800 |
2021 |  | $ | 100,100 |
2022 |  | $ | 101,500 |
2023 |  | $ | 42,700 |
Schedule of Changes On Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 are as follows:
|  | Packaging |  |  | Plastics |  |  | Total |
Balance as of January 1, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 1,768,648 |  |  | $ | 684,949 |  |  | $ | 2,453,597 |
Accumulated impairment losses |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 1,768,648 |  |  |  | 684,949 |  |  |  | 2,453,597 |
Balance as of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 1,768,648 |  |  |  | 684,949 |  |  |  | 2,453,597 |
Accumulated impairment losses |  |  | - |  |  |  | - |  |  |  | - |
|  |  | 1,768,648 |  |  |  | 684,949 |  |  |  | 2,453,597 |
Balance as of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 1,768,648 |  |  |  | 684,949 |  |  |  | 2,453,597 |
Accumulated impairment losses |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 1,768,648 |  |  | $ | 684,949 |  |  | $ | 2,453,597 |

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