INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

INTANGIBLE ASSETS

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

	2016			2015
Customer Relationships	$	6,115,000		$	6,555,000		5 to 14 years
Trade Names		970,000			1,480,000		15-20 years
Technical Know-how		660,000			660,000		10 years
Non-Compete		150,000			150,000		5 years
Professional Certifications		15,000			15,000		. 25 to 2 years
Total Intangible Assets		7,910,000			8,860,000
Less: Accumulated Amortization		(6,156,000	)		(5,008,000	)
Intangible Assets, net	$	1,754,000		$	3,852,000

The expense for amortization of the intangibles for the years ended December 31, 2016 and 2015 was approximately $1,279,000 and $1,262,000, respectively.

As of December 31, 2016 the future amortization of intangibles are as follows:

For the year ending	Amount
December 31, 2017	$	689,000
December 31, 2018		219,000
December 30, 2019		219,000
December 31, 2020		219,000
December 31, 2021		130,000
Thereafter		278,000
Total	$	1,754,000