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INTANGIBLE ASSETS | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2012 | Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract] |  |
INTANGIBLE ASSETS | Note 6. INTANGIBLE ASSETS The components of the intangibles assets consisted of the following:
|  | June 30, |  |  | December 31, |  |
|  | 2012 |  |  | 2011 |  |
|  | (Unaudited) |  |  |  |  |
Customer Relationships |  | $ | 5,815,000 |  |  | $ | 890,000 |  | 5 to 14 years
Trade Names |  |  | 770,000 |  |  |  | 770,000 |  | 20 years
Technical Know-how |  |  | 660,000 |  |  |  | 660,000 |  | 10 years
Non-Compete |  |  | 50,000 |  |  |  | - |  | 5 years
Professional Certifications |  |  | 15,000 |  |  |  | 15,000 |  | .25 to 2 years
Total Intangible Assets |  |  | 7,310,000 |  |  |  | 2,335,000 |  |
Less: Accumulated Amortization |  |  | (812,000 | ) |  |  | (728,000 | ) |
Intangible Assets, net |  | $ | 6,498,000 |  |  | $ | 1,607,000 |  |
The expense for the amortization of the intangibles for both the three and six months ended June 30, 2012 and 2011 was approximately $42,000 and 84,000 respectively. | Note 6. INTANGIBLE ASSETS The components of the intangibles assets at December 31, consisted of the following:
|  | 2011 |  |  | 2010 |  |  |
Customer Relationships |  | $ | 890,000 |  |  | $ | 890,000 |  |  | 11 to 14 years
Trade Names |  |  | 770,000 |  |  |  | 770,000 |  |  | 20 years
Technical Know-how |  |  | 660,000 |  |  |  | 660,000 |  |  | 10 years
Professional Certifications |  |  | 15,000 |  |  |  | 15,000 |  |  | .25 to 2 years
Total Intangible Assets |  |  | 2,335,000 |  |  |  | 2,335,000 |  |  |
Less: Accumulated Amortization |  |  | (728,000 | ) |  |  | (560,000 | ) |  |
Intangible Assets, net |  | $ | 1,607,000 |  |  | $ | 1,775,000 |  |  |
The expense for the amortization of the intangibles for both the years ended December 31, 2011 and 2011 was $168,000. Future amortization of intangibles is as follows:
For the twelve months ending |  | Amount |
December 31, 2012 |  | $ | 168,000 |
December 31, 2013 |  |  | 168,000 |
December 31, 2014 |  |  | 168,000 |
December 31, 2015 |  |  | 168,000 |
December 31, 2016 |  |  | 168,000 |
Thereafter |  |  | 767,000 |
Total |  | $ | 1,607,000 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 + Details
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