Amortizable Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

4. Amortizable Intangible Assets

The Company had amortizable intangible assets as follows as of December 31, 2012 and 2011:

					Accumulated
	Gross Carrying Amount				Amortization
	2012		2011		2012		2011
Distributorship	$	1,648,000	$	1,648,000	$	366,222	$	256,356
Non-compete agreement		103,000		103,000		103,000		103,000
Non-solicitation agreement		309,000		309,000		147,143		103,000
	$	2,060,000	$	2,060,000	$	616,365	$	462,356

Amortization expense (straight-line method) for intangible assets totaled $154,009 and $188,343 in 2012 and 2011, respectively. Amortization expense for amortizable intangible assets over the next five years is estimated to be:

	Intangible
	Amortization
2013	$	154,000
2014		154,000
2015		154,000
2016		139,000
2017		110,000