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Goodwill, Trademarks, and Other Intangibles Assets: (Tables)
12 Months Ended
Dec. 29, 2012
Goodwill, Trademarks, and Other Intangible Assets:  
Schedule of goodwill, trademarks and other intangibles, net

 

 

 

 

Estimated
 Useful Life

 

December 29,
 2012

 

December 31,
 2011

 

Goodwill:

 

 

 

 

 

 

 

Inventure Foods, Inc.

 

 

 

$

5,986,252

 

$

5,986,252

 

Rader Farms, Inc.

 

 

 

5,629,973

 

5,629,973

 

Total goodwill

 

 

 

$

11,616,225

 

$

11,616,225

 

 

 

 

 

 

 

 

 

Trademarks:

 

 

 

 

 

 

 

Inventure Foods, Inc.

 

 

 

$

895,659

 

$

895,659

 

Rader Farms, Inc.

 

 

 

1,070,000

 

1,070,000

 

 

 

 

 

 

 

 

 

Other intangibles:

 

 

 

 

 

 

 

Rader - Covenant-not-to-compete, gross carrying amount

 

5 years

 

 

160,000

 

Rader - Covenant-not-to-compete, accum. amortization

 

 

 

 

(146,685

)

Rader - Customer relationship, gross carrying amount

 

10 years

 

100,000

 

100,000

 

Rader - Customer relationship, accum. amortization

 

 

 

(55,810

)

(45,814

)

Total trademarks and other intangibles, net

 

 

 

$

2,009,849

 

$

2,033,160

 

Schedule of expected amortization expense on intangible assets

 

 

Years Ending,

 

Amortization
Expense

 

2013

 

$

10,000

 

2014

 

10,000

 

2015

 

10,000

 

2016

 

10,000

 

2017

 

4,190

 

Thereafter

 

 

Total

 

$

44,190