Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.7.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Intangible Assets Tables  
Finite lives intangible assets
        December 31, 2016   December 31, 2015
    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   $ (780,960 )   $ 8,179,740   $ 212,400   $ (113,988 )   $ 98,412
Trade Brands   2 to 8     495,520     (89,907 )     405,613     20,520           20,520
Dispensary License   14     10,270,000     (550,179 )     9,719,821              
Patent   2     3,078     (1,154 )     1,924              
                                             
Total Amortized Intangible Assets         19,729,298     (1,422,200 )     18,307,098     232,920     (113,988 )     118,932
                                             
Unamortized Intangible Assets:                                            
Trade Name   Indefinite     5,320,000           5,320,000              
                                             
Total Unamortized Intangible Assets         5,320,000           5,320,000              
                                             
Total Intangible Assets       $ 25,049,298   $ (1,422,200 )   $ 23,627,098   $ 232,920   $ (113,988 )   $ 118,932