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3. Intangible Assets
12 Months Ended
Dec. 31, 2012
Notes  
3. Intangible Assets

 

 

3.   INTANGIBLE ASSETS

 

Intangible assets that have finite useful lives continue to be amortized over their useful lives, and are reviewed for impairment when warranted by economic condition.

 

Useful Lives

2012

2011

Trademarks

 $     1,650

 $     1,650

Less accumulated amortization

10 years

       (1,002)

          (837)

 $        648

 $        813

Customer base

 $    18,259

 $    18,259

Less accumulated amortization

3 years

     (18,259)

     (18,259)

 $            -

 $            -

 

In aggregate, the Company recognized amortization expense of $165 and $208 for the years ended December 31, 2012 and 2011, respectively