INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2014

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

Intangible assets primarily consists of a patent for the IsoBLOX™ technology, which was acquired in February 2013 for a purchase price of $2,100.  The intangible assets are being amortized over a fifteen-year period on a straight-line basis.  Amortization expense of $35 and $105 has been recorded for the three and nine months ended September 30, 2014 and $36 and $89 has been recorded for the three and nine months ended September 30, 2013, respectively. The net carrying value of the intangible assets as of September 30, 2014 and December 31, 2013 was $1,874 and $1,979, respectively.