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Other Assets
9 Months Ended
Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

8. Other Assets

 

Other assets at September 30, 2019 and December 31, 2018 consisted of the following:

 

    September 30, 2019     December 31, 2018  
Product branding   $ 675,000     $ 525,000  
Investments in online company     450,000       300,000  
Deposits     56,542       29,297  
Total other assets     1,181,542       854,297  
Less accumulated amortization     (69,642 )     (58,037 )
Other assets - net   $ 1,111,900     $ 796,260  

 

As of September 30, 2019, the Company had $675,000 of capitalized costs related to services provided for the rebranding of its existing product line and branding of new product lines. This amount is being amortized over a seven-year life. In December 2018 and January 2019, the Company invested in an online (direct-to-consumer) business and intends to begin selling select products through this platform. The remaining deposits of $56,542 represent office and retail space lease deposits.