Note 5 - Other Current and Non-Current Assets

12 Months Ended

Dec. 31, 2011

Other Assets Disclosure [Text Block]

(5)   Other Current and Non-Current Assets

Other current assets consisted of the following at December 31, 2011 and 2010:

	2011		2010
Other receivables	$	3,249	$	439
Maintenance agreements		25		20
	$	3,274	$	459

Other non-current assets, consisted of the following at December 31, 2011 and 2010:

	2011		2010
Deposits	$	6	$	6
Credit facility origination costs, net		13		20
Intangible assets, net		1,404		108
	$	1,423	$	134

On January 20, 2011, weacquired certain assets of Progear Holdings, Inc. (d/b/a Yes! Golf) (“Yes! Golf”)  for $1.65 million, including administrative fees, pursuant to a U.S. Bankruptcy Court bulk auction sale.  The purchased assets of Yes! Golf included, among other things, the following: (i) patented putter technology designs, including Yes! Golf’s line of “C-Groove Putters,” (ii) registered trademarks and (iii) existing inventory and capital equipment.  The Company did not assume any of Yes! Golf’s liabilities in connection with the acquisition.  Intangibles acquired in the Yes! Golf acquisition are being amortized over an estimated useful life of 15 years.  Other assets includes $1.4 million of patent and trademark rights acquired in the Yes! Golf acquisition and $0.7 million of other intangibles.  Total accumulated amortization of intangibles is $0.7 million.

Amortization expense for the years ended December 31, 2011 and 2010 was approximately $205,000 and $103,000, respectively.  Estimated amortization expense for the following five years is:

Years ending December 31,
2012		122
2013		113
2014		113
2015		113
2016		102
Thereafter		841
Total	$	1,404