Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible Assets

Note 3 - Intangible Assets

9 Months Ended

Sep. 30, 2015

Intangible Assets Disclosure [Text Block]

3.	Intangible Assets

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

					September 30, 2015							December 31, 2014
	Useful Lives (Years)				Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangibles (amount in thousands)
Patent		8	-	18	$	516	$	(194	)	$	322	$	512	$	(168	)	$	344
Software			3			379		(360	)		19		375		(319	)		56
Customer relationships			12			3,370		(1,587	)		1,783		3,370		(1,335	)		2,035
Permit			10			545		(359	)		186		545		(318	)		227
Total					$	4,810	$	(2,500	)	$	2,310	$	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)	$	122
2016		425
2017		391
2018		361
2019		280
	$	1,579

Amortization expenses relating to the definite-lived intangible assets as discussed above were $108,000 and $360,000 for the three and nine months ended September 30, 2015, respectively, and $149,000 and $501,000 for the three and nine months ended September 30, 2014, respectively.