INTANGIBLE ASSETS

6 Months Ended

12 Months Ended

Jun. 30, 2012

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Note 6. INTANGIBLE ASSETS

The components of the intangibles assets consisted of the following:

	June 30,			December 31,
	2012			2011
	(Unaudited)
Customer Relationships	$	5,815,000		$	890,000		5 to 14 years
Trade Names		770,000			770,000		20 years
Technical Know-how		660,000			660,000		10 years
Non-Compete		50,000			-		5 years
Professional Certifications		15,000			15,000		.25 to 2 years
Total Intangible Assets		7,310,000			2,335,000
Less: Accumulated Amortization		(812,000	)		(728,000	)
Intangible Assets, net	$	6,498,000		$	1,607,000

The expense for the amortization of the intangibles for both the three and six months ended June 30, 2012 and 2011 was approximately $42,000 and 84,000 respectively.

Note 6. INTANGIBLE ASSETS

The components of the intangibles assets at December 31, consisted of the following:

	2011			2010
Customer Relationships	$	890,000		$	890,000		11 to 14 years
Trade Names		770,000			770,000		20 years
Technical Know-how		660,000			660,000		10 years
Professional Certifications		15,000			15,000		.25 to 2 years
Total Intangible Assets		2,335,000			2,335,000
Less: Accumulated Amortization		(728,000	)		(560,000	)
Intangible Assets, net	$	1,607,000		$	1,775,000

The expense for the amortization of the intangibles for both the years ended December 31, 2011 and 2011 was $168,000.

Future amortization of intangibles is as follows:

For the twelve months ending	Amount
December 31, 2012	$	168,000
December 31, 2013		168,000
December 31, 2014		168,000
December 31, 2015		168,000
December 31, 2016		168,000
Thereafter		767,000
Total	$	1,607,000