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INTANGIBLE ASSETS
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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| Intangible Assets | |||||||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS |
NOTE 5: INTANGIBLE ASSETS
At December 31, 2014, and 2013, intangibles for product formulations had a gross carrying amount of $1,763, and $1,763, accumulated amortization of $1,059, and $910, and a net amount of $704, and $853, 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, 2014, 2013, and 2012 was $149, $149 and $149, respectively. Estimated amortization expense for the five succeeding fiscal years and thereafter is as follows:
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