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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Other Assets

Other Assets

 

Intangible Assets at December 31, 2013

 

Useful
Lives
(Years)

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Value

 

 

 

(in thousands)

 

Patents

 

 

18

 

 

$

95

 

 

$

77

 

 

$

18

 

Customer agreements

 

 

10

 

 

 

173

 

 

 

148

 

 

 

25

 

Intellectual property

 

 

3

 

 

 

322

 

 

 

197

 

 

 

125

 

 

 

 

 

 

 

$

590

 

 

$

422

 

 

$

168

 

 

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets held by the Company for the year ended December 31, 2013 was approximately $130,000 and was approximately $113,000 in 2012. Estimated amortization expense for the next five years is as follows:

 

For the Year Ending December 31,

 

Amount

 

 

 

(in thousands)

 

2014

  

$

132

  

2015

 

 

31

 

2016

 

 

5

 

2017

 

 

-

 

2018

 

 

-

 

 

 

$

168