Juhl Energy, Inc - 10-K filing on 2014-04-07

Note 9 - Intangible Assets

12 Months Ended

Dec. 31, 2013

Intangible Assets Disclosure [Text Block]

9. INTANGIBLE ASSETS

A summary of intangible assets as of December 31, 2013 is as follows:

	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Amortization Period (in years)
Customer relationships	$	110,000	$	(36,667	)	$	73,333	5
Noncompete agreements		278,000		(92,667	)		185,333	5
Contract backlog		409,189		(409,189	)		-	1.5
Total	$	797,189	$	(538,523	)	$	258,666	3.2

A summary of intangible assets as of December 31, 2012 is as follows:

	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Amortization Period (in years)
Customer relationships	$	110,000	$	(14,667	)	$	95,333	5
Noncompete agreements		278,000		(37,067	)		240,933	5
Contract backlog		409,189		(181,862	)		227,327	1.5
Total	$	797,189	$	(233,596	)	$	563,593	3.2

Approximate aggregate amortization expense for each of the next five years is as follows:

For the period ended December 31,

2014			77,600
2015			77,600
2016			77,600
2017			25,866

Amortization expense, including amounts for deferred loan costs, for the years ended December 31, 2013, and 2012 was approximately $305,000 and $234,000, respectively.