Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

 v2.3.0.11
Intangible Assets
 6 Months Ended
Jun. 30, 2011
Intangible Assets  
Intangible Assets

(4)                     Intangible Assets

 

At June 30, 2011 and December 31, 2010, intangibles for product formulations had a gross carrying amount of $1,763 and $1,763, accumulated amortization of $534 and $460, and a net amount of $1,229 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 June 30, 2011 and 2010 was $37 and $29, respectively. Amortization expense for intangible assets for the six months ended June 30, 2011 and 2010 was $74 and $59, respectively.  Estimated amortization expense for each of the five succeeding fiscal years is $149.