| Intangible assets |
| |
|
|
|
|
December
31, 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
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortizing
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer
Relationships |
|
5 to
12 |
|
|
$ |
8,072,400 |
|
|
$ |
(1,345,191 |
) |
|
$ |
6,727,209 |
|
|
$ |
8,960,700 |
|
|
$ |
(780,960 |
) |
|
$ |
8,179,740 |
|
| Trademarks
and Patent |
|
2 to
8 |
|
|
|
195,520 |
|
|
|
(77,448 |
) |
|
|
118,072 |
|
|
|
498,598 |
|
|
|
(91,061 |
) |
|
|
407,537 |
|
| Dispensary
Licenses |
|
14 |
|
|
|
10,270,000 |
|
|
|
(1,283,751 |
) |
|
|
8,986,249 |
|
|
|
10,270,000 |
|
|
|
(550,179 |
) |
|
|
9,719,821 |
|
| Management
Service Agreement |
|
15 |
|
|
|
6,621,580 |
|
|
|
- |
|
|
|
6,621,580 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Amortizing Intangible Assets |
|
|
|
|
|
|
25,159,500 |
|
|
|
(2,706,390 |
) |
|
|
22,453,110 |
|
|
|
19,729,298 |
|
|
|
(1,422,200 |
) |
|
|
18,307,098 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Amortizing
Intangible Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Trade
Name |
|
Indefinite |
|
|
|
5,320,000 |
|
|
|
- |
|
|
|
5,320,000 |
|
|
|
5,320,000 |
|
|
|
- |
|
|
|
5,320,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Non-Amortizing Intangible Assets |
|
|
|
|
|
|
5,320,000 |
|
|
|
- |
|
|
|
5,320,000 |
|
|
|
5,320,000 |
|
|
|
- |
|
|
|
5,320,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Intangible Assets, Net |
|
|
|
|
|
$ |
30,479,500 |
|
|
$ |
(2,706,390 |
) |
|
$ |
27,773,110 |
|
|
$ |
25,049,298 |
|
|
$ |
(1,422,200 |
) |
|
$ |
23,627,098 |
|
|