INTANGIBLE ASSETS AND GOODWILL

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 11 - INTANGIBLE ASSETS AND GOODWILL

Intangible assets consist of the following:

September 30, 2012	Useful Lives (In Years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortized:
Patents		11	$	1,489,000	$	(372,000	)	$	1,117,000
Tradename		5		200,000		(110,000	)		90,000
Non-competition agreement		3		234,000		(215,000	)		19,000
Technology		5		50,000		(29,000	)		21,000
Workforce		5		33,000		(19,000	)		14,000
Customer relationships		5		4,499,000		(2,477,000	)		2,022,000
				6,505,000		(3,222,000	)		3,283,000
Unamortized:
Customer list				104,000		-			104,000
Trademark and Tradename				135,000		-			135,000
				239,000		-			239,000
Total			$	6,744,000	$	(3,222,000	)	$	3,522,000

December 31, 2011	Useful Lives (In Years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortized:
Patents		11	$	1,489,000	$	(271,000	)	$	1,218,000
Tradename		5		200,000		(80,000	)		120,000
Non-competition agreement		3		234,000		(156,000	)		78,000
Technology		5		50,000		(22,000	)		28,000
Workforce		5		33,000		(14,000	)		19,000
Customer relationships		5		4,499,000		(1,802,000	)		2,697,000
				6,505,000		(2,345,000	)		4,160,000
Unamortized:
Customer list				104,000		-			104,000
Trademark and Tradename				135,000		-			135,000
				239,000		-			239,000
Total			$	6,744,000	$	(2,345,000	)	$	4,399,000

Amortization expense for the three- and nine-month periods ended September 30, 2011 was $292,000 and $879,000, respectively, and for the three- and nine-month periods ended September 30, 2012 was $293,000 and $877,000, respectively. Future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

Year ending December 31:
October - December 2012	$	292,000
2013		1,091,000
2014		1,086,000
2015		135,000
2016		135,000

There have been no changes in the carrying amount of goodwill from January 1, 2012 to September 30, 2012.