Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

v3.8.0.1
LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of licensed technology
Licensed technology consists of the following:
 
 
 
December 31,
 
 
 
2017
 
2016
 
Licensed technology
 
$
4,608,000
 
$
9,608,000
 
Less accumulated amortization
 
 
631,000
 
 
1,224,000
 
Licensed technology, net
 
$
3,977,000
 
$
8,384,000
 
Amortization expense for intangible assets
Amortization on licensed technology was $534,000 and $677,000 for the years ended December 31, 2017 and 2016, respectively. The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2017 is as follows (in thousands):
 
2018
 
$
346
 
2019
 
 
346
 
2020
 
 
346
 
2021
 
 
346
 
2022
 
 
346
 
Thereafter
 
 
2,247
 
Total
 
$
3,977