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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2014
Intangible Assets (Tables) |
Intangible Assets Medical Formulas | Intangible assets consisted solely of CFDA approved medical formulas as follows:
|  | December 31, |  |  | December 31, |
|  | 2014 |  |  | 2013 |
Gross carrying amount |  | $ | 5,499,494 |  |  | $ | 5,524,785 |
Accumulated amortization |  |  | (4,182,273 | ) |  |  | (3,812,992 | )
Net carrying amount |  | $ | 1,317,221 |  |  | $ | 1,711,793 |
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
2015 |  | $ 321,753
2016 |  | 300,191
2017 |  | 258,094
2018 |  | 137,930
2019 |  | 64,755
Thereafter |  | 234,498
Total |  | $ 1,317,221

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