Intangible Assets, Net

12 Months Ended

Dec. 31, 2012

Intangible Assets, Net

4. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following at December 31:

	December 31, 2012							December 31, 2011
	Gross Carrying Value		Accumulated Amortization			Net Book Value		Gross Carrying Value		Accumulated Amortization			Net Book Value
Rights to the Master
Work Order (Texas)	$	1,050,000	$	(1,050,000	)	$	-	$	1,050,000	$	(836,408	)	$	213,592
Internal use capitalized
software		3,698,387		(2,682,541	)		1,015,846		2,984,888		(2,110,365	)		874,523
Intangible assets, net	$	4,748,387	$	(3,732,541	)	$	1,015,846	$	4,034,888	$	(2,946,773	)	$	1,088,115

Amortization expense totaling approximately $0.2 million, $0.3 million, and $0.3 million for the years ended December 31, 2012, 2011, and 2010, respectively, related to the Rights to the Master Work Order (Texas) is included in amortization of acquisition-related intangible assets in the consolidated statements of income. Amortization expense totaling approximately $0.6 million for each of the years ended December 31, 2012, 2011, and 2010 is included in depreciation & amortization in the consolidated statements of income. The total estimated intangible asset amortization expense in future years related to assets that have been released into production is as follows:

Fiscal Year
2013	$	435,721
2014		291,905
2015		111,071
	$	838,697