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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Intangible Assets (Tables)  
Intangible Assets Medical Formulas

Intangible assets consisted solely of CFDA approved medical formulas as follows:

 

 

 

December 31,

 

 

 

2013

 

 

2012

 

Gross carrying amount

 

$

5,524,785

 

 

$

5,357,580

 

Accumulated amortization

 

 

(3,812,992

)

 

 

(2,944,726

)

Net carrying amount

 

$

1,711,793

 

 

$

2,412,854

 

Estimated aggregate annual amortization expense

The estimated aggregate annual amortization expense for each of the next five years and thereafter is as follows:

 

 

Year

 

 Amount

 

2014

 

 $          515,810

 

2015

 

             452,229

 

2016

 

             284,292

 

2017

 

             152,841

 

2018

 

               46,390

 

Thereafter

 

             260,231

 

Total

 

 $       1,711,793