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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
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 2 to 7 years based on their estimated useful life.

 

    As of March 31, 2013     As of December 31, 2012      
    Gross Carrying
Amount
    Accumulated
Amortization
    Gross Carrying
Amount
    Accumulated
Amortization
    Weighted-Avg.
Amortization
Period
                             
Customer lists   $ 235,000     $ 213,000     $ 235,000     $ 206,000     3 years
Trademarks, patents, and copyrights     2,437,000       2,163,000       2,437,000       2,038,000     4 years
Total   $ 2,672,000     $ 2,376,000     $ 2,672,000     $ 2,244,000      
Amortization Expense

Amortization expense for the three months ended March 31, 2013 and 2012 was as follows:

 

    2013     2012  
Customer lists   $ 7,000     $ 20,000  
Trademarks, patents, and copyrights     125,000       87,000  
                 
Total trademarks and intangibles   $ 132,000     $ 107,000