Intangible assets, net

3 Months Ended

Mar. 31, 2013

Intangible assets, net

Intangible assets, net

8. Intangible assets, net

The balance of intangible assets is comprised of the following:

	March 31, 2013			December 31, 2012
	(Unaudited)
Covenant not to compete	$	3,533		$	3,533
Trade names	14,556			15,088
Proprietary know how	34,650			34,650
Lease contract rights	51,001			51,650
Management contract rights	81,000			81,000
Accumulated amortization	(17,447		)	(10,334		)
Intangible assets, net	$	167,293		$	175,587

Amortization expense related to intangible assets included in depreciation and amortization was $3,919 and $78 for the three months ended March 31, 2013 and 2012, respectively. Amortization for lease contracts rights was $3,191 for the three months ended March 31, 2013 and is included in cost of parking services of lease contract. There was no amortization for lease contracts included in cost of parking services for lease contracts for the three months ended March 31, 2012.