Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
 6 Months Ended
Jun. 30, 2013
Intangible Assets  
Intangible Assets

(3)                     Intangible Assets

 

At June 30, 2013 and December 31, 2012, intangibles for product formulations had a gross carrying amount of $1,763 and $1,763, accumulated amortization of $835 and $761, and a net amount of $928 and $1,002, 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, 2013 and 2012 was $37 and $37, respectively. Amortization expense for intangible assets for the six months ended June 30, 2013 and 2012 was $74 and $74, respectively. Estimated amortization expense for each of the three succeeding fiscal years thereafter is $149 followed by two fiscal years with estimated amortization expense of $91.