Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Intangible Assets

Note 4 - Intangible Assets

9 Months Ended

Sep. 30, 2016

Intangible Assets Disclosure [Text Block]

4.	Intangible Assets

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

				September 30, 2016							December 31, 2015
	Useful			Gross					Net		Gross					Net
	Lives			Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	(Years)			Amount		Amortization			Amount		Amount		Amortization			Amount
Intangibles (amount in thousands)
Patent	8	-	18	$	571	$	(266	)	$	305	$	539	$	(203	)	$	336
Software			3		395		(374	)		21		395		(364	)		31
Customer relationships			12		3,370		(1,898	)		1,472		3,370		(1,671	)		1,699
Permit			10		545		(413	)		132		545		(373	)		172
Total				$	4,881	$	(2,951	)	$	1,930	$	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 permit as noted above):

	Amount
Year	(In thousands)

2016 (remaining)	$	101
2017		369
2018		335
2019		252
2020		217
	$	1,274

Amortization expenses relating to the definite-lived intangible assets as discussed above were $101,000 and $340,000 for the three and nine months ended September 30, 2016, respectively, and $108,000 and $360,000 for the three and nine months ended September 30, 2015, respectively.