Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible Assets

Note 3 - Intangible Assets

3 Months Ended

Mar. 31, 2017

Intangible Assets Disclosure [Text Block]

3.	Intangible Assets

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

					March 31, 2017							December 31, 2016
	Useful				Gross					Net		Gross					Net
	Lives				Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	(Years)				Amount		Amortization			Amount		Amount		Amortization			Amount
Intangibles (amount in thousands)
Patent		3	-	17	$	586		(282	)	$	304	$	577	$	(274	)	$	303
Software			3			405		(388	)		17		405		(383	)		22
Customer relationships			12			3,370		(2,042	)		1,328		3,370		(1,974	)		1,396
Permit			10			545		(441	)		104		545		(428	)		117
Total					$	4,906	$	(3,153	)	$	1,753	$	4,897	$	(3,059	)	$	1,838

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

one

definite-lived permit):

	Amount
Year	(In thousands)

2017 (remaining)	$	278
2018		337
2019		254
2020		218
2021		198

Amortization expenses relating to the definite-lived intangible assets as discussed above were

$94,000

and

$101,000

for the

three

months ended

March

31,

2017

and

2016,

respectively.