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Other Intangible Assets
 12 Months Ended
Dec. 31, 2011
Other Intangible Assets  
Other Intangible Assets

(6)       Other Intangible Assets

 

The carrying values of the Company’s definite-lived intangible assets as of December 31, 2011, and 2010, are as follows:

 

 

 

Patents

 

Non-
Compete

 

Customer
List

 

Total

 

 

 

 

 

 

 

 

 

 

 

Gross amount at December 31, 2011

 

$

428,806

 

$

200,000

 

$

769,436

 

$

1,398,242

 

Accumulated amortization at December 31, 2011

 

(425,052

)

(126,500

)

(448,191

)

$

(999,743

)

Net balance at December 31, 2011

 

$

3,754

 

$

73,500

 

$

321,245

 

$

398,499

 

 

 

 

 

 

 

 

 

 

 

Gross amount at December 31, 2010

 

$

428,806

 

$

200,000

 

$

769,436

 

$

1,398,242

 

Accumulated amortization at December 31, 2010

 

(400,885

)

(93,168

)

(310,360

)

$

(804,413

)

Net balance at December 31, 2010

 

$

27,921

 

$

106,832

 

$

459,076

 

$

593,829

 

 

Amortization expense related to intangible assets was $195,330, $223,908, and $157,104 for the years ended December 31, 2011, 2010, and 2009, respectively. Future amortization for the years ending December 31 will be approximately:

 

2012

 

$

163,554

 

2013

 

159,800

 

2014

 

75,145

 

Total:

 

$

398,499