Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible Assets

Note 3 - Intangible Assets

6 Months Ended

Jun. 30, 2015

Intangible Assets Disclosure [Text Block]

3.	Intangible Assets

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

			June 30, 2015							December 31, 2014
	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	$	512	$	(186	)	$	326	$	512	$	(168	)	$	344
Software		3		379		(358	)		21		375		(319	)		56
Customer relationships		12		3,370		(1,503	)		1,867		3,370		(1,335	)		2,035
Permit		10		545		(345	)		200		545		(318	)		227
Total			$	4,806	$	(2,392	)	$	2,414	$	4,802	$	(2,140	)	$	2,662

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:

	Amount
Year	(In thousands)

2015 (remaining)	$	239
2016		425
2017		391
2018		361
2019		280
	$	1,696

Amortization expenses relating to the definite-lived intangible assets as discussed above were $125,000 and $252,000 for the three and six months ended June 30, 2015, respectively, and $176,000 and $352,000 for the three and six months ended June 30, 2014, respectively.

Goodwill Impairment

During the second quarter of 2014, the Company recorded a goodwill impairment charge of $380,000 in connection with the sale of our Schreiber, Yonley and Associates, Inc. (“SYA”) subsidiary which was completed on July 29, 2014.