NOTE 4 - DISTRIBUTION AGREEMENTS

Distribution agreements as of March 31, 2015 and 2014 are presented below (in thousands):

	March 31, 2015			December 31, 2014

Better World Products-related party	$	2,160		$	2,160
CNG Products		1,000			1,000
Jonway Products		14,400			14,400
		17,560			17,560
Less amortization and impairment		(8,521	)		(8,161	)
	$	9,039		$	9,399

Amortization expenses related to these distribution agreements for the three months ended March 31, 2015 and 2014 was $360,000 and $360,000, respectively. Amortization is based over the term of the agreements. As of December 31, 2014, the company recognized an impairment loss of $5.0 million for the distribution right of CNG products. No impairment loss was recorded for the three months ended March 31, 2015 and 2014, respectively. The estimated future amortization expense is as follows (in thousands):

12 months ended March 31,

2016	$	1,540
2017		1,540
2018		1,540
2019		1,540
2020		1,540
Thereafter		1,339
Total	$	9,039