INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2011

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

The Company had goodwill in the amount of $28,515 as of June 30, 2011 and December 31, 2010 subject to the provisions of ASC 350, “Intangibles-Goodwill and Other.”

Identifiable intangible assets with finite lives at June 30, 2011 and December 31, 2010 are summarized as follows:

	Amortization Period (in years)		Gross Carrying Amount at 6/30/11		Accumulated Amortization at 6/30/11		Gross Carrying Amount at 12/31/10		Accumulated Amortization at 12/31/10
Customer lists		10	$	37,142	$	15,453	$	37,142	$	13,633
Regulatory registration costs		10		1,302		155		1,302		90
Patents & trade secrets		15-17		1,549		640		1,548		599
Trademarks & trade names		17		907		329		906		303
Other		5-10		754		409		753		377
			$	41,654	$	16,986	$	41,651	$	15,002

Amortization of identifiable intangible assets was approximately $1,984 for the six months ended June 30, 2011. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense for the remainder of 2011 is $1,986 and approximately $4,000 per annum for 2012 through 2016. At June 30, 2011, there were no identifiable intangible assets with indefinite useful lives as defined by ASC 350. Identifiable intangible assets are reflected in “Intangible assets with finite lives, net” in the Company's condensed consolidated balance sheets. There were no changes to the useful lives of intangible assets subject to amortization during the six months ended June 30, 2011.