Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible Assets

Note 3 - Intangible Assets

3 Months Ended

Mar. 31, 2015

Intangible Assets Disclosure [Text Block]

3.	Intangible Assets

The following table summarizes information relating to the Company’s definite-lived intangible assets:

			March 31, 2015							December 31, 2014
	Useful		Gross					Net		Gross					Net
	Lives		Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
(amount in thousands)	(Years)		Amount		Amortization			Amount		Amount		Amortization			Amount
Intangibles
Patent		8-18	$	512	$	(177	)	$	335	$	512	$	(168	)	$	344
Software		3		382		(339	)		43		375		(319	)		56
Customer relationships		12		3,370		(1,419	)		1,951		3,370		(1,335	)		2,035
Permit		10		545		(332	)		213		545		(318	)		227
Total			$	4,809	$	(2,267	)	$	2,542	$	4,802	$	(2,140	)	$	2,662

The intangible assets noted above are amortized on a straight-line basis over their useful lives with the exception of customer relationships which were being amortized using an accelerated method. The Company has only one definite-lived permit that is subject to amortization.

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

	Amount
Year	(In thousands)

2015 (remaining)	$	376
2016		425
2017		391
2018		361
2019		280
	$	1,833

Amortization expenses relating to the definite-lived intangible assets as discussed above were $127,000 and $176,000 for the three months ended March 31, 2015 and 2014, respectively.