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Net Intangible Assets
 6 Months Ended
Jun. 30, 2014
Finite-Lived Intangible Assets, Net [Abstract]  
Net Intangible Assets

Note 8. Net Intangible Assets

 

Our intangible assets are comprised of a Not-to-Compete and In-Process Research and Development (IPR&D).  The not-to-compete is being amortized over five years.  The IPR&D is the technology purchased from Harvest Engineering and requires additional development that must be completed pursuant to the purchase agreement.  The IPR&D will start to be amortized once the additional development is completed.

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

Not-to-Compete

$
120 

 

$
10 

 

$
110 

IPR&D

 
1,478 

 

 
0 

 

 
1,478 

Net Intangible Assets

$
1,598 

 

$
10 

 

$
1,588