Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

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LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2015
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology

Licensed technology consists of the following:

 

    December 31,  
    2015     2014  
Licensed technology   $ 7,156,000     $ 5,000,000  
Less accumulated amortization     547,000       9,000  
Licensed technology, net   $ 6,609,000     $ 4,991,000  
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2015 is as follows:

 

2016   $ 582  
2017     582  
2018     582  
2019     582  
2020     582  
Thereafter     3,699  
Total   $ 6,609