Quarterly report pursuant to sections 13 or 15(d)

Other Intangible Assets

Other Intangible Assets

3 Months Ended

Mar. 31, 2012

4.	Other Intangible Assets:

At March 31, 2012, the Company had the following intangible assets subject to amortization:


	March 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	1,317,076	$	(215,693	)	$	1,101,383
Trademarks		908,998		(205,829	)		703,169
Customer relationships		1,010,000		(395,583	)		614,417
Non-compete agreement		60,000		(58,750	)		1,250
Product certification and licensing costs		158,024		(77,060	)		80,964

	$	3,454,098	$	(952,915	)	$	2,501,183

At December 31, 2011, the Company had the following intangible assets subject to amortization:


	December 31, 2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	1,286,437	$	(197,803	)	$	1,088,634
Trademarks		908,998		(192,461	)		716,537
Customer relationships		1,010,000		(370,333	)		639,667
Non-compete agreement		60,000		(55,000	)		5,000
Product certification and licensing costs		158,024		(63,893	)		94,131

	$	3,423,459	$	(879,490	)	$	2,543,969

Remaining estimated annual amortization expense is as follows:


Year Ending December 31:
2012	$	211,008
2013		264,079
2014		230,974
2015		226,798
2016		226,798
Thereafter		1,125,283

	$	2,284,940

At March 31, 2012, the Company had $216,243 of patent applications and pending patents. Estimated annual amortization for these patent applications and pending patents is not included in the table above.