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NOTE 6 - INTANGIBLE SOFTWARE TECHNOLOGY, NET (Tables) | 12 Months Ended
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Dec. 31, 2012
Note 6 - Intangible Software Technology Net Tables |
Intangible software technology | The following is a summary of the Company’s intangible software technology:
|  | December 31, 2012 |  |  | December 31, 2011 |
(in thousands) |  |  |  |  |  |
Intangible software technology |  | $ | 3,089 |  |  | $ | 3,089 |
Less impairment charge |  |  | 2,318 |  |  |  | - |
Less accumulated amortization |  |  | 736 |  |  |  | 296 |
Intangible software technology, net |  | $ | 35 |  |  | $ | 2,793 |
Future amortization expense | Future amortization expense related to this intangible asset is as follows:
|  | Amortization |
(in thousands) |  |  |
2013 |  | $ | 4 |
2014 |  |  | 4 |
2015 |  |  | 4 |
2016 |  |  | 4 |
2017 |  |  | 4 |
Thereafter |  |  | 15 |
Total |  | $ | 35 |

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- Definition Tabular disclosure of the estimated aggregate amortization expense for intangible assets subject to amortization for each of the five succeeding fiscal years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 + Details
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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 + Details
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