Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.7.0.1
INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2017
Intangible Assets Tables  
Intangible assets

As of June 30, 2017 and December 31, 2016, intangible assets consisted of the following:

 

          June 30, 2017     December 31, 2016  
    Estimated Useful Life in Years     Gross
Carrying Amount
    Accumulated Amortization    

Net

Carrying Value

    Gross
Carrying Amount
    Accumulated Amortization    

Net

Carrying
Value

 
                                           
Amortized Intangible Assets:                                          
Customer Relationships   5 to 12     $ 8,960,700     $ (1,218,528 )   $ 7,742,172     $ 8,960,700     $ (780,960 )   $ 8,179,740  
Trade Brands and Patent   2 to 8       498,598       (145,757 )     352,841       498,598       (91,061 )     407,537  
Dispensary License   14       10,270,000       (916,965 )     9,353,035       10,270,000       (550,179 )     9,719,821  
                                                         
Total Amortized Intangible Assets             19,729,298       (2,281,250 )     17,448,048       19,729,298       (1,422,200 )     18,307,098  
                                                         
Unamortized Intangible Assets:                                                        
Trade Name   Indefinite       5,320,000             5,320,000       5,320,000             5,320,000  
                                                         
Total Unamortized Intangible Assets             5,320,000             5,320,000       5,320,000             5,320,000  
                                                         
Total Intangible Assets           $ 25,049,298     $ (2,281,250 )   $ 22,768,048     $ 25,049,298     $ (1,422,200 )   $ 23,627,098