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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2016
INTANGIBLE ASSETS [Abstract]  
Schedule of goodwill
The Company had goodwill in the amount of $444,083 and $383,906 as of September 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
  
60,177
 
Goodwill at September 30, 2016
 
$
444,083
 
 
There was a $1,307 reduction in the carrying amount of goodwill during the three months ended September 30, 2016, as a result of changes to the fair value of assets acquired and liabilities assumed (See Note 2).
 
  
September 30,
2016
  
December 31,
2015
 
Human Nutrition & Health
 
$
406,964
  
$
363,784
 
Animal Nutrition & Health
  
11,734
   
11,734
 
Specialty Products
  
24,157
   
7,160
 
Industrial Products
  
1,228
   
1,228
 
Total
 
$
444,083
  
$
383,906
 
Intangible assets with finite lives
Identifiable intangible assets with finite lives at September 30, 2016 and December 31, 2015 are summarized as follows:

  
Amortization
Period
(in years)
  
Gross
Carrying
Amount at
9/30/16
  
Accumulated
Amortization
at 9/30/16
  
Gross
Carrying
Amount at
12/31/15
  
Accumulated
Amortization
at 12/31/15
 
Customer relationships & lists
  
10
  
$
185,885
  
$
80,604
  
$
167,442
  
$
63,578
 
Trademarks & trade names
  
17
   
39,241
   
8,363
   
32,014
   
5,704
 
Developed technology
  
5
   
12,260
   
2,746
   
3,200
   
1,057
 
Other
  
5-17
   
12,532
   
3,363
   
5,102
   
2,508
 
      
$
249,918
  
$
95,076
  
$
207,758
  
$
72,847