Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 9 Months Ended
Sep. 30, 2011
Intangible Assets  
Intangible Assets

(4)       Intangible Assets

 

At September 30, 2011 and December 31, 2010, intangibles for product formulations had a gross carrying amount of $1,763 and $1,763, accumulated amortization of $571 and $460, and a net amount of $1,191 and $1,303, 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 September 30, 2011 and 2010 was $37 and $30, respectively. Amortization expense for intangible assets for the nine months ended September 30, 2011 and 2010 was $111 and $89, respectively.  Estimated amortization expense for each of the five succeeding fiscal years thereafter is $149.