Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

3.	Intangible Assets

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

			September 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	$	643		(298	)	$	345	$	577	$	(274	)	$	303
Software		3		405		(396	)		9		405		(383	)		22
Customer relationships		12		3,370		(2,178	)		1,192		3,370		(1,974	)		1,396
Permit		10		545		(468	)		77		545		(428	)		117
Total			$	4,963	$	(3,340	)	$	1,623	$	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)	$	92
2018		336
2019		254
2020		218
2021		198
Total	$	1,098

Amortization expense relating to the definite-lived intangible assets as discussed above was $93,000 and $281,000 for the three and nine months ended September 30, 2017, respectively, and $101,000 and $340,000 for the three and nine months ended September 30, 2016, respectively.