GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 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		1,000
Balance, September 30, 2023	$	4,823,000

Schedule of other intangible assets

	September 30, 2023						December 31, 2022
			Accumulated		Net book				Accumulated		Net book
	Cost		amortization		value		Cost		amortization		value
Other intangible assets:
Customer relationships (1)	$	6,923,000	$	4,532,000	$	2,391,000	$	6,921,000	$	4,099,000	$	2,822,000
Trademarks and trade names (1)		2,167,000		—		2,167,000		2,166,000		—		2,166,000
Trademarks and trade names		200,000		96,000		104,000		200,000		86,000		114,000
Engineering drawings		330,000		279,000		51,000		330,000		268,000		62,000
Non-compete agreements (1)		323,000		321,000		2,000		322,000		303,000		19,000
Patents		1,286,000		1,191,000		95,000		1,286,000		1,143,000		143,000
Totals	$	11,229,000	$	6,419,000	$	4,810,000	$	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.

	September 30, 2023	December 31, 2022
Customer relationships	5.4	5.9
Trademarks and trade names	7.8	8.5
Engineering drawings	3.4	4.1
Non-compete agreements	0.3	1.0
Patents	4.4	4.1

Schedule of amortization expense of intangible assets

Three months ended September 30,				Nine months ended September 30,
2023		2022		2023		2022
$	160,000	$	151,000	$	519,000	$	469,000

October 1 through December 31, 2023	$	169,000
2024		639,000
2025		610,000
2026		411,000
2027		199,000
Thereafter		615,000
	$	2,643,000