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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Note 7. INTANGIBLE ASSETS

The components of the intangibles assets at December 31, consisted of the following:

 

    December 31,     December 31,    
    2012     2011    
               
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     (1,421,000 )     (728,000 )  
Intangible Assets, net   $ 5,889,000     $ 1,607,000    

 

The expense for the amortization of the intangibles for the years ended December 31, 2012 and 2011 was approximately $693,000 and $168,000, respectively.

 

Future amortization of intangibles is as follows:

 

For the year ending   Amount  
December 31, 2013   $ 1,163,000  
December 31, 2014     1,163,000  
December 31, 2015     1,163,000  
December 31, 2016     1,163,000  
December 31, 2017     616,000  
Thereafter     621,000  
Total   $ 5,889,000