Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible Assets

Note 3 - Intangible Assets

6 Months Ended

Jun. 30, 2017

Intangible Assets Disclosure [Text Block]

3.	Intangible Assets

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

				June 30, 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	$	591		(290	)	$	301	$	577	$	(274	)	$	303
Software		3			405		(393	)		12		405		(383	)		22
Customer relationships		12			3,370		(2,110	)		1,260		3,370		(1,974	)		1,396
Permit		10			545		(455	)		90		545		(428	)		117
Total				$	4,911	$	(3,248	)	$	1,663	$	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)	$	184
2018		337
2019		254
2020		218
2021		198

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

$95,000

and

$189,000

for the

three

and

six

months ended

June 30, 2017,

respectively, and

$138,000

and

$240,000

for the

three

and

six

months ended

June 30, 2016,

respectively.