Note 7 - Intangible Assets:

3 Months Ended

Mar. 31, 2012

Intangible Assets Disclosure [Text Block]

NOTE 7 – INTANGIBLE ASSETS:

As of March 31, 2012 and December 31, 2011, our financial statements contained intangible assets totaling approximately $60 million and $59 million, respectively, as per the table below (000’s):

	March 31, 2012				December 31, 2011
Goodwill			$	30,334			$	30,334
Trademarks				4,442				4,442
Business Service Rights - Refundable		11,663				12,167
Business Service Rights - Non-Refundable, net		13,393	$	25,056		11,947	$	24,114
			$	59,832			$	58,890

In evaluating the recoverability of our intangible assets, we follow the guidance contained in FASB ASU 2011-08 Intangibles – Goodwill and Other (Topic 350), which provides for a qualitative assessment of intangible asset valuation, followed by a quantitative two-step process to determine impairment if necessary.

Based on a review of relevant events, circumstances and expected trends as contained in FASB ASU 2011-08 section 350-20-35-3C, as well as other qualifiers, we concluded that as of March 31, 2012, it is more likely than not that the carrying value of our goodwill and intangible assets, in whole and individually, is less than their fair value, and no impairment has occurred.

If the fair value is less than the carrying amount, an impairment loss would be recognized in an amount equal to the excess of the carrying amount of the intangible assets over their fair values. To date we have not recorded any impairment losses.