Annual report pursuant to Section 13 and 15(d)

Note 5 - Permit and Other Intangible Assets

Note 5 - Permit and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

PERMIT AND OTHER INTANGIBLE ASSETS

The following table summarizes changes in the carrying amount of permits.

permit exists at our Services and Medical Segment.

Permit (amount in thousands)	Treatment
Balance as of December 31, 2014	$	16,709
PCB permit amortized (1)		(55	)
Permit in progress		107
Balance as of December 31, 2015		16,761
PCB permit amortized (1)		(55	)
Permit in progress		56
Permit impairment for M&EC subsidiary		(8,288	)
Balance as of December 31, 2016	$	8,474

(1)

Amortization for the

one

definite-lived permit capitalized in

2009.

This permit is being amortized over a

ten

year period in accordance with its estimated useful life. Net carrying value of this permit was approximately

$117,000

and

$172,000

as of

December

31,

2016

and

2015,

respectively.

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

				December 31, 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	3	-	17	$	577	$	(274	)	$	303	$	539	$	(203	)	$	336
Software		3			405		(383	)		22		395		(364	)		31
Customer relationships		12			3,370		(1,974	)		1,396		3,370		(1,671	)		1,699
Permit		10			545		(428	)		117		545		(373	)		172
Total				$	4,897	$	(3,059	)	$	1,838	$	4,849	$	(2,611	)	$	2,238

The intangible assets 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 following table summarizes the expected amortization over the next

five

years for our definite-lived intangible assets:

Year	Amount (In thousands)

2017	$	372
2018		337
2019		254
2020		218
2021		198
	$	1,379

Amortization expense recorded for definite-lived intangible assets was approximately

$448,000

and

$471,000,

for the years ended

December

31,

2016

and

2015,

respectively.