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INTANGIBLE ASSETS (Tables)
12 Months Ended
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