GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 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		7,000
Balance, June 30, 2023	$	4,829,000

Schedule of other intangible assets

	June 30, 2023						December 31, 2022
			Accumulated		Net book				Accumulated		Net book
	Cost		amortization		value		Cost		amortization		value
Other intangible assets:
Customer relationships (1)	$	6,932,000	$	4,395,000	$	2,537,000	$	6,921,000	$	4,099,000	$	2,822,000
Trademarks and trade names (1)		2,174,000		—		2,174,000		2,166,000		—		2,166,000
Trademarks and trade names		200,000		93,000		107,000		200,000		86,000		114,000
Engineering drawings		330,000		276,000		54,000		330,000		268,000		62,000
Non-compete agreements (1)		327,000		319,000		8,000		322,000		303,000		19,000
Patents		1,286,000		1,175,000		111,000		1,286,000		1,143,000		143,000
Totals	$	11,249,000	$	6,258,000	$	4,991,000	$	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.

	June 30, 2023	December 31, 2022
Customer relationships	5.6	5.9
Trademarks and trade names	8.0	8.5
Engineering drawings	3.6	4.1
Non-compete agreements	0.5	1.0
Patents	4.2	4.1

Schedule of amortization expense of intangible assets

Three months ended June 30,				Six months ended June 30,
2023		2022		2023		2022
$	167,000	$	164,000	$	346,000	$	341,000

July 1 through December 31, 2023	$	341,000
2024		640,000
2025		611,000
2026		412,000
2027		198,000
Thereafter		615,000
	$	2,817,000