GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill and Finite-lived Intangible Assets, Net (Details) - USD ($) |
Jun. 30, 2018 |
Dec. 31, 2017 |
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Finite Lived Intangible Assets [Line Items] | ||
Goodwill | $ 1,091,000 | $ 1,091,000 |
Finite-lived intangible assets: | ||
Other intangible assets, gross | 20,525,935 | 20,518,935 |
Less: accumulated amortization | (10,908,590) | (10,157,126) |
Other intangible assets, net | 9,617,345 | 10,361,809 |
Goodwill and other intangible assets, net | 10,708,345 | 11,452,809 |
Patents | ||
Finite-lived intangible assets: | ||
Other intangible assets, gross | 13,475,000 | 13,475,000 |
Customer Relationships | ||
Finite-lived intangible assets: | ||
Other intangible assets, gross | 3,400,000 | 3,400,000 |
Trademarks | ||
Finite-lived intangible assets: | ||
Other intangible assets, gross | 2,880,967 | 2,880,967 |
Non-compete Agreements | ||
Finite-lived intangible assets: | ||
Other intangible assets, gross | 660,000 | 660,000 |
Internally-developed Software | ||
Finite-lived intangible assets: | ||
Other intangible assets, gross | $ 109,968 | $ 102,968 |
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- References No definition available.
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance. No definition available.
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- Definition Amount before accumulated amortization of finite-lived intangible assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated amortization of finite-lived and indefinite-lived intangible assets classified as other. No definition available.
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