v2.4.0.6
Note 6 - Identified Intangible Assets
12 Months Ended
Dec. 31, 2011
Intangible Assets Disclosure [Text Block]
6.  Identified Intangible Assets

 
 
Remaining Weighted
Average
       
   
Amortization
   
Year Ending December 31,
 
 
 
In Years
   
2011
   
2010
 
Intangible not subject to amortization:
                 
Trade names
    -     $ 6,420,000     $ 6,420,000  
Intangibles subject to amortization:
                       
Trade Names, net of accumulated amortization of $94,000 and $52,000, respectively
    2.97       126,000       168,000  
Non-compete Agreements, net of accumulated amortization of $730,000 and $654,000, respectively
    2.97       33,000       109,000  
Independent Participant Network, net of accumulated amortization of $786,000 and $591,000 respectively
    0.94       194,000       389,000  
Customer relationships, net of accumulated amortization of $809,000 and $676,000, respectively
    9.71       1,165,000       1,298,000  
Other intangibles, net of accumulated amortization of $631,000 and $584,000, respectively
    2.54       115,000       162,000  
      7.50       1,633,000       2,126,000  
Total identifiable intangible assets
          $ 8,053,000     $ 8,546,000  

The following is a schedule by year of future expected amortization expense related to identifiable intangible assets as of December 31, 2011:

2012
  $ 426,000  
2013
    232,000  
2014
    203,000  
2015
    129,000  
2016
    115,000  
Thereafter
    528,000  
    Total future expected amortization expense   $ 1,633,000  

The Company recorded amortization expense of approximately $493,000, $649,000 and $580,00 for the years ended December 31, 2011, 2010 and 2009, respectively.