Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.3.1.900
INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intellectual Property and Intangible Assets

Intangible assets consisted of the following at December 31, 2015 and 2014:

 

 

 

2015

 

 

2014

 

Patents

 

$

13,615,967

 

 

$

13,615,967

 

Customer relationships

 

 

3,400,000

 

 

 

3,400,000

 

Trademarks

 

 

2,740,000

 

 

 

2,740,000

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

License agreements

 

 

35,000

 

 

 

35,000

 

 

 

 

20,450,967

 

 

 

20,450,967

 

Less: accumulated amortization

 

 

(7,189,331

)

 

 

(5,694,319

)

Intangible assets, net

 

$

13,261,636

 

 

$

14,756,648