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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2012
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
NOTE 5 - INTANGIBLE ASSETS

The Company had goodwill in the amount of $28,515 as of June 31, 2012 and December 31, 2011 subject to the provisions of ASC 350, "Intangibles-Goodwill and Other."

Identifiable intangible assets with finite lives at June 30, 2012 and December 31, 2011 are summarized as follows:

 
Amortization
Period
(in years)
 
 
Gross
Carrying
Amount at 6/30/12
 
 
Accumulated Amortization at 6/30/12
 
 
Gross
Carrying
Amount at 12/31/11
 
 
Accumulated Amortization at 12/31/11
 
Customer lists
 
 
10
 
 
$
37,142
 
 
$
19,091
 
 
$
37,142
 
 
$
17,272
 
Regulatory registration costs
 
 
 10
 
 
 
 1,302
 
 
 
 285
 
 
 
 1,302
 
 
 
 220
 
Patents & trade secrets
 
 
15-17
 
 
 
1,579
 
 
 
723
 
 
 
1,571
 
 
 
681
 
Trademarks & trade names
 
 
17
 
 
 
909
 
 
 
382
 
 
 
907
 
 
 
356
 
Other
 
 
5-10
 
 
 
754
 
 
 
470
 
 
 
754
 
 
 
441
 
 
 
 
 
 
 
$
41,686
 
 
$
20,951
 
 
$
41,676
 
 
$
18,970
 

Amortization of identifiable intangible assets was approximately $1,981 for the six months ended June 30, 2012. Assuming no change in the gross carrying value of identifiable intangible assets, the estimated amortization expense for the remainder of 2012 is $1,979, approximately $4,000 per annum for 2013 through 2016 and $1,400 in 2017. At June 30, 2012, 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, 2012.