Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

v3.7.0.1
LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2016
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology
Licensed technology consists of the following:

 
December 31,
 
 
2016
   
2015
 
Licensed technology
 
$
9,608,000
   
$
7,156,000
 
Less accumulated amortization
   
1,224,000
     
547,000
 
Licensed technology, net
 
$
8,384,000
   
$
6,609,000
 
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2016 is as follows:

2017
 
$
812
 
2018
   
812
 
2019
   
812
 
2020
   
812
 
2021
   
812
 
Thereafter
   
4,324
 
Total
 
$
8,384