Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Intangible Assets

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Note 4 - Intangible Assets
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
4.
Intangible Assets
 
The following table summarizes information relating to the Company’s definite-lived intangible assets:
 
             
September 30, 2016
   
December 31, 2015
 
   
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     $ 571     $ (266 )   $ 305     $ 539     $ (203 )   $ 336  
Software
      3       395       (374 )     21       395       (364 )     31  
Customer relationships
      12       3,370       (1,898 )     1,472       3,370       (1,671 )     1,699  
Permit
      10       545       (413 )     132       545       (373 )     172  
Total
            $ 4,881     $ (2,951 )   $ 1,930     $ 4,849     $ (2,611 )   $ 2,238  
 
 
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 permit as noted above):
 
   
Amount
 
Year
 
(In thousands)
 
         
2016
 
(remaining)
  $ 101  
2017
    369  
2018
    335  
2019
    252  
2020
    217  
    $ 1,274  
 
 
Amortization expenses relating to the definite-lived intangible assets as discussed above were $101,000 and $340,000 for the three and nine months ended September 30, 2016, respectively, and $108,000 and $360,000 for the three and nine months ended September 30, 2015, respectively.