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Intangible Assets
 3 Months Ended
Mar. 31, 2012
Intangible Assets
6. Intangible Assets

 

The Company has acquired certain intangible assets, which include: customer lists, trademarks, patents and copyrights. The customer lists are being amortized over a 3-year period based on management’s best estimate of the expected useful life. The costs of trademarks, patents and copyrights are amortized over 3 to 5 years based on their estimated useful life.

 

    As of March 31, 2012     As of December 31, 2011        
    Gross Carrying
Amount		     Accumulated
Amortization		     Gross Carrying
Amount		     Accumulated
Amortization		     Weighted-Avg.
Amortization
Period		  
                               
Customer lists   $ 235,000     $ 148,000     $ 235,000     $ 128,000       3 years  
Trademarks, patents, and copyrights     2,440,000       1,631,000       2,440,000       1,544,000       5 years  
Total   $ 2,675,000     $ 1,779,000     $ 2,675,000     $ 1,672,000          

 

Amortization expense for the three months ended March 31, 2012 and 2011 was as follows:

 

    2012     2011  
Customer lists   $ 20,000     $ 20,000  
Trademarks, patents, and copyrights     87,000       95,000  
                 
Total trademarks and intangibles   $ 107,000     $ 115,000  

 

Amortization expense is included in selling, general and administrative expenses.