Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v2.4.0.6
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2012
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6: INTANGIBLE ASSETS

 

At December 31, 2012 and 2011, intangibles for product formulations had a gross carrying amount of $1,763 and $1,763, accumulated amortization of $761 and $612, and a net amount of $1,002 and $1,151, respectively. The estimated useful lives of the product formulations range from 9 to 15 years.

 

Amortization expense for intangible assets for the years ended December 31, 2012, 2011 and 2010 was $149, $152 and $118, respectively. Estimated amortization expense for the five succeeding fiscal years and thereafter is as follows:

 

Year Ending December 31,

 

Estimated
Amortization
Expense

 

2013

 

$

149

 

2014

 

149

 

2015

 

149

 

2016

 

91

 

2017

 

91

 

Thereafter

 

373

 

Total

 

$

1,002