Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 6 Months Ended
Jun. 30, 2012
Intangible Assets  
Intangible Assets

(3)                     Intangible Assets

 

At June 30, 2012 and December 31, 2011, intangibles for product formulations had a gross carrying amount of $1,763 and $1,763, accumulated amortization of $686 and $612, and a net amount of $1,077 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 three months ended June 30, 2012 and 2011 was $37 and $37, respectively. Amortization expense for intangible assets for the six months ended June 30, 2012 and 2011 was $74 and $74, respectively. Estimated amortization expense for each of the next five fiscal years is $149.