Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following is a summary of Goodwill as of December 31:

Goodwill

	2015		2014
Foam	$	2,932,208	$	2,932,208
Coatings	1,302,620		1,302,620
	$	4,234,828	$	4,234,828

Other Intangible Assets

The following is a summary of Other Intangible Assets as of December 31:

Other Intangible Assets

	2015							2014
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount		Amortization Period
Product Formulations	$	138,471	(95,391		)	$	43,080	138,471		$	(90,775	)	47,696		15 Years
Trade Names	750,186		(369,237		)	380,949		750,186		(319,224		)	430,962		15 Years
Approvals and Certifications	3,201,996		(2,428,992		)	773,004		1,835,013		(1,130,219		)	704,794		5 Years
	$	4,090,653	$	(2,893,620	)	$	1,197,033	$	2,723,670	$	(1,540,218	)	$	1,183,452

Schedule of Future Amortization Expense

Based on the other intangible assets in service as of December 31, 2015, estimated amortization expense for the years ending December 31, 2016 through December 31, 2019 and thereafter is as follows: 

	2016		2017		2018		2019		2020		Thereafter
Product Formulations	$	9,231	$	9,231	$	9,231	$	9,231	$	6,156	$	—
Trade Names	50,012		50,012		50,012		50,012		50,012		130,889
Approvals and Certifications	257,668		257,668		257,668		—		—		—
	$	316,911	$	316,911	$	316,911	$	59,243	$	56,168	$	130,889