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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]
The following table summarizes identifiable intangible assets of the Company, which include identifiable intangible assets from the acquisition of Didbox Ltd., PowerKey (the industrial vehicle monitoring products division of International Electronics, Inc. acquired by the Company in 2008) and AI as of December 31, 2012 and December 31, 2013:
 
 
 
Useful
 
Gross
 
 
 
 
Net
 
 
 
Lives
 
Carrying
 
Accumulated
 
Carrying
 
December 31, 2013
 
(In Years)
 
Amount
 
Amortization
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortized:
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
11
 
$
1,489,000
 
$
(541,000)
 
$
948,000
 
Tradename
 
5
 
 
200,000
 
 
(160,000)
 
 
40,000
 
Non-competition agreement
 
3
 
 
234,000
 
 
(234,000)
 
 
-
 
Technology
 
5
 
 
50,000
 
 
(42,000)
 
 
8,000
 
Workforce
 
5
 
 
33,000
 
 
(28,000)
 
 
5,000
 
Customer relationships
 
5
 
 
4,499,000
 
 
(3,601,000)
 
 
898,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6,505,000
 
 
(4,606,000)
 
 
1,899,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized:
 
 
 
 
 
 
 
 
 
 
 
 
Customer list
 
 
 
 
104,000
 
 
-
 
 
104,000
 
Trademark and Tradename
 
 
 
 
61,000
 
 
-
 
 
61,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
165,000
 
 
-
 
 
165,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
6,670,000
 
$
(4,606,000)
 
$
2,064,000
 
 
 
 
Useful
 
Gross
 
 
 
 
Net
 
 
 
Lives
 
Carrying
 
Accumulated
 
Carrying
 
December 31, 2012
 
(In Years)
 
Amount
 
Amortization
 
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortized:
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
11
 
$
1,489,000
 
$
(406,000)
 
$
1,083,000
 
Tradename
 
5
 
 
200,000
 
 
(120,000)
 
 
80,000
 
Non-competition agreement
 
3
 
 
234,000
 
 
(234,000)
 
 
-
 
Technology
 
5
 
 
50,000
 
 
(32,000)
 
 
18,000
 
Workforce
 
5
 
 
33,000
 
 
(21,000)
 
 
12,000
 
Customer relationships
 
5
 
 
4,499,000
 
 
(2,701,000)
 
 
1,798,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6,505,000
 
 
(3,514,000)
 
 
2,991,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized:
 
 
 
 
 
 
 
 
 
 
 
 
Customer list
 
 
 
 
104,000
 
 
-
 
 
104,000
 
Trademark and Tradename
 
 
 
 
135,000
 
 
-
 
 
135,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
239,000
 
 
-
 
 
239,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
6,744,000
 
$
(3,514,000)
 
$
3,230,000
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Amortization expense for the years ended December 31, 2011, 2012 and 2013 was $1,172,000, $1,169,000 and $1,166,000 (including $74,000 impairment charge for the PowerKey tradename and trademark), respectively. Estimated future amortization expense for the succeeding five years for the intangible assets at December 31, 2013 is as follows:
 
Year ending December 31:
 
 
 
 
 
 
 
2014
 
1,086,000
 
2015
 
135,000
 
2016
 
135,000
 
2017
 
135,000
 
2018
 
135,000