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Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
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 2 to 7 years based on their estimated useful life.
 
 
 
As of June 30, 2013
 
As of December 31, 2012
 
 
 
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Weighted-Avg.
Amortization
Period
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer lists
 
$
235,000
 
$
221,000
 
$
235,000
 
$
206,000
 
3 years
 
Trademarks, patents, and copyrights
 
 
2,437,000
 
 
2,284,000
 
 
2,437,000
 
 
2,038,000
 
4 years
 
Total
 
$
2,672,000
 
$
2,505,000
 
$
2,672,000
 
$
2,244,000
 
 
 
  
Amortization expense for the three and six months ended June 30, 2013 and 2012 was as follows:
  
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Customer lists
 
$
8,000
 
$
20,000
 
$
15,000
 
$
40,000
 
Trademarks, patents, and copyrights
 
 
121,000
 
 
132,000
 
 
246,000
 
 
219,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total trademarks and intangibles
 
$
129,000
 
$
152,000
 
$
261,000
 
$
259,000
 
  
Amortization expense is included in selling, general and administrative expenses.