INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

NOTE 6 – INTANGIBLE ASSETS

The Company had goodwill in the amount of $441,668 and $383,906 as of March 31, 2016 and December 31, 2015, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”

	March 31, 2016		December 31, 2015
Human Nutrition & Health	$	405,408	$	363,784
Animal Nutrition & Health		11,734		11,734
Specialty Products		23,298		7,160
Industrial Products		1,228		1,228
Total	$	441,668	$	383,906

Identifiable intangible assets with finite lives at March 31, 2016 and December 31, 2015 are summarized as follows:

	Amortization Period (in years)		Gross Carrying Amount at 3/31/16		Accumulated Amortization at 3/31/16		Gross Carrying Amount at 12/31/15		Accumulated Amortization at 12/31/15
Customer relationships & lists		10	$	190,452	$	69,252	$	167,442	$	63,578
Trademarks & trade names		17		39,228		6,569		32,014		5,704
Developed technology		5		12,260		1,519		3,200		1,057
Other		5-17		11,920		2,751		5,102		2,508
			$	253,860	$	80,091	$	207,758	$	72,847

Amortization of identifiable intangible assets was approximately $7,245 for the three months ended March 31, 2016. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense for the remainder of 2016 is $23,175, approximately $26,720 for 2017, $24,135 for 2018, $22,050 for 2019, $20,020 for 2020 and $16,812 for 2021. At March 31, 2016, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” in the Company’s condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the three months ended March 31, 2016.