GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following at December 31, 2016 and 2015:

	2016			2015
Goodwill	$	1,091,000		$	1,091,000
Finite-lived intangible assets:
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
Licensing agreements		—			35,000
Other intangible assets, gross		20,415,967			20,450,967
Less: accumulated amortization		(8,660,948	)		(7,189,331	)
Other intangible assets, net		11,755,019			13,261,636
Goodwill and other intangible assets, net	$	12,846,019		$	14,352,636

Schedule of Estimated Amortization Expense

Estimated amortization expense to be recorded for the twelve months ending 2017 through 2021 and thereafter are as follows:

Twelve Months Ending December 31,	Annual Amortization
2017	$	1,473,295
2018		1,464,551
2019		1,464,551
2020		1,446,218
2021		1,395,081
Thereafter		4,511,323
Total amortization	$	11,755,019