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INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2014
Intangible Assets  
INTANGIBLE ASSETS

Note 6. INTANGIBLE ASSETS

 

The components of intangible assets consisted of the following:

 

    September 30,     December 31,    
    2014     2013    
    (Unaudited)          
Customer Relationships   $ 5,815,000     $ 5,815,000          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       50,000                5 years
Professional Certifications     15,000       15,000          .25 to 2 years
Total Intangible Assets     7,310,000       7,310,000    
Less: Accumulated Amortization     (3,456,000 )     (2,584,000 )  
Intangible Assets, net   $ 3,854,000     $ 4,726,000    

 

Amortization expense for the three months ended September 30, 2014 and 2013 was approximately $291,000 and $291,000, respectively.  Amortization expense for the nine months ended September 30, 2014 and 2013 was approximately $872,000 and $872,000, respectively.