GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2023

GOODWILL AND OTHER INTANGIBLE ASSETS

Schedule of changes in the carrying amount of goodwill

Balance, January 1, 2023	$	4,822,000
Currency translation adjustment		3,000
Balance, March 31, 2023	$	4,825,000

Schedule of other intangible assets

	March 31, 2023						December 31, 2022
			Accumulated		Net book				Accumulated		Net book
	Cost		amortization		value		Cost		amortization		value
Other intangible assets:
Customer relationships (1)	$	6,926,000	$	4,247,000	$	2,679,000	$	6,921,000	$	4,099,000	$	2,822,000
Trademarks and trade names (1)		2,170,000		—		2,170,000		2,166,000		—		2,166,000
Trademarks and trade names		200,000		89,000		111,000		200,000		86,000		114,000
Engineering drawings		330,000		272,000		58,000		330,000		268,000		62,000
Non-compete agreements (1)		324,000		311,000		13,000		322,000		303,000		19,000
Patents		1,286,000		1,159,000		127,000		1,286,000		1,143,000		143,000
Totals	$	11,236,000	$	6,078,000	$	5,158,000	$	11,225,000	$	5,899,000	$	5,326,000

(1)A portion of these intangibles are maintained in a foreign currency and are therefore subject to foreign exchange rate fluctuations.

	March 31, 2023	December 31, 2022
Customer relationships	5.8	5.9
Trademarks and trade names	8.3	8.5
Engineering drawings	3.9	4.1
Non-compete agreements	0.8	1.0
Patents	4.1	4.1

Schedule of amortization expense of intangible assets

Three months ended March 31,
2023		2022
$	173,000	$	157,000

April 1 through December 31, 2023	$	514,000
2024		639,000
2025		610,000
2026		412,000
2027		198,000
Thereafter		615,000
	$	2,988,000