Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Intangible Assets

Note 4 - Intangible Assets

6 Months Ended

Jun. 30, 2016

Intangible Assets Disclosure [Text Block]

4.	Intangible Assets

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

				June 30, 2016							December 31, 2015
	Useful Lives (Years)			Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangibles (amount in thousands)
Patent	8	-	18	$	566	$	(259	)	$	307	$	539	$	(203	)	$	336
Software		3			395		(370	)		25		395		(364	)		31
Customer relationships		12			3,370		(1,822	)		1,548		3,370		(1,671	)		1,699
Permit		10			545		(400	)		145		545		(373	)		172
Total				$	4,876	$	(2,851	)	$	2,025	$	4,849	$	(2,611	)	$	2,238

The intangible assets noted above are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are 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 (including the permits as noted above):

Year	Amount (In thousands)

2016 (remaining)	$	201
2017		369
2018		335
2019		252
2020		217
	$	1,374

Amortization expenses relating to the definite-lived intangible assets as discussed above was $138,000 and $240,000 for the three and six months ended June 30, 2016, respectively, and $125,000 and $252,000 for the three and six months ended June 30, 2015, respectively.