Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

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Intangible Assets and Goodwill
6 Months Ended
Jun. 30, 2011
Intangible Assets and Goodwill [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
NOTE 6 — INTANGIBLE ASSETS AND GOODWILL
The Company conducted its annual impairment test of intangible assets and goodwill as of June 30, 2011, and determined that there was no impairment. The Company also tests its intangible assets and goodwill between the annual impairment test if events occur or circumstances change that would more likely than not reduce the fair value of the Company or its assets below their carrying amounts. No events have occurred since June 30, 2011, that would trigger further impairment testing of the Company’s intangible assets and goodwill.
Amortization expense for the three and six months ended June 30, 2011 was $32,000 and $65,000, respectively, and $32,000 and $65,000, respectively, for the same periods in 2010. Other intangible assets consist of an acquired customer list and a non-compete agreement.
The following table presents details of the Company’s intangible assets, related accumulated amortization and goodwill (in thousands):
                                                                 
    As of June 30, 2011     As of December 31, 2010  
            Accumulated                             Accumulated              
    Gross     Amortization     Impairment     Net     Gross     Amortization     Impairment     Net  
Patents (4-10 years)
  $ 1,914     $ (1,637 )   $     $ 277     $ 1,914     $ (1,572 )   $     $ 342  
Trademarks (6 years)
    69       (69 )                 69       (69 )            
Trade names (Indefinite life)
    979             (979 )           979             (979 )      
Other (4 to 6 years)
    593       (593 )                 593       (593 )            
 
                                               
Total
  $ 3,555     $ (2,299 )   $ (979 )   $ 277     $ 3,555     $ (2,234 )   $ (979 )   $ 342  
 
                                               
 
                                                               
Goodwill (Indefinite life)
  $ 2,926                     $ 2,926     $ 2,926                     $ 2,926