Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

December 31, 2019 

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	492,308	$	130,425
Trade names and trademarks		1,715,325		587,387		1,127,938
Customer list		584,468		153,319		431,149
Product formulas		292,234		76,659		215,575
Royalty rights		160,000		115,140		44,860
Total intangible assets	$	3,374,760	$	1,424,813	$	1,949,947

December 31, 2018 

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	439,972	$	182,761
Trade names and trademarks		1,649,880		561,449		1,088,431
Customer list		525,663		48,186		477,477
Product formulas		262,832		24,093		238,739
Royalty rights		160,000		97,196		62,804
Total intangible assets	$	3,221,108	$	1,170,896	$	2,050,212

Schedule of allocated cost of intangible assets acquired from Snappy Marine and their respective useful lives

Intangible Assets	Amount		Life
Trademarks and trade names	$	65,445	5 years
Customer list		58,805	5 years
Product formulas		29,402	5 years
Total intangible assets acquired from Check Corporation	$	153,652

Intangible Assets	Amount		Life
Trademarks and trade names	$	518,755	20 years
Customer list		525,663	5 years
Product formulas		262,832	5 years
Total intangible assets acquired from Snappy Marine	$	1,307,250