Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

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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  
Estimated useful lives intangible assets
Year Ending      
December 31,   Amount  
       
2017   $ 1,718,104  
2018     1,668,789  
2019     1,645,582  
2020     1,626,231  
2021     1,460,486  
Thereafter     10,187,906  
    $ 18,307,098