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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2016
INTANGIBLE ASSETS [Abstract]  
Schedule of goodwill
The Company had goodwill in the amount of $445,390 and $383,906 as of June 30, 2016 and December 31, 2015, respectively, subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”

Goodwill at January 1, 2016
 
$
383,906
 
Goodwill as a result of the Acquisition of Albion International, Inc. – see Note 2
  
61,484
 
Goodwill at June 30, 2016
 
$
445,390
 

There was a $3,722 changes in the carrying amount of goodwill during the three months ended June 30, 2016, as a result of changes to the fair value of assets acquired and liabilities assumed (See Note 2).

  
June 30,
2016
  
December 31,
2015
 
Human Nutrition & Health
 
$
407,764
  
$
363,784
 
Animal Nutrition & Health
  
11,734
   
11,734
 
Specialty Products
  
24,664
   
7,160
 
Industrial Products
  
1,228
   
1,228
 
Total
 
$
445,390
  
$
383,906
 
Intangible assets with finite lives
Identifiable intangible assets with finite lives at June 30, 2016 and December 31, 2015 are summarized as follows:

  
 
Amortization
Period
(in years)
  
Gross
Carrying
Amount at
6/30/16
  
 
Accumulated
Amortization
at 6/30/16
  
Gross
Carrying
Amount at
12/31/15
  
 
Accumulated
Amortization
at 12/31/15
 
Customer relationships & lists
  
10
  
$
186,094
  
$
74,883
  
$
167,442
  
$
63,578
 
Trademarks & trade names
  
17
   
39,593
   
7,475
   
32,014
   
5,704
 
Developed technology
  
5
   
12,260
   
2,132
   
3,200
   
1,057
 
Other
  
5-17
   
12,348
   
3,053
   
5,102
   
2,508
 
      
$
250,295
  
$
87,543
  
$
207,758
  
$
72,847