INTANGIBLES, Net

9 Months Ended

Sep. 30, 2013

INTANGIBLES, Net

INTANGIBLES, Net

7. INTANGIBLES, Net

Intangibles consist of the following at:

	September 30, 2013		December 31, 2012
Amortizing intangibles	$	1,061	$	1,061
Accumulated amortization	(589)		(553)
	472		508
Non-amortizing intangibles	63,141		54,140
	$	63,613	$	54,648

All amortizing intangibles have been assigned an estimated useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives ranging from one to 25 years (weighted-average life of 20 years).  Amortization expense was $0.01 million for both the three-months ended September 30, 2013 and September 30, 2012. Amortization expense was $0.04 million for both the nine-months ended September 30, 2013 and September 30, 2012.