Quarterly report pursuant to Section 13 or 15(d)

Licensed Technology (Tables)

v3.8.0.1
Licensed Technology (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Licensed technology consists of the following:
 
 
 
March 31,
 
December 31,
 
 
 
2018
 
2017
 
Licensed technology
 
$
4,608,000
 
$
4,608,000
 
Less accumulated amortization
 
 
718,000
 
 
631,000
 
Licensed technology, net
 
$
3,890,000
 
$
3,977,000
 
 
Intangible assets consist of the following (in thousands):
 
 
 
March 31, 2018
 
December 31, 2017
 
 
 
Gross
carrying
value
 
Accumulated
amortization
 
Gross
carrying
value
 
Accumulated
Amortization
 
Amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Licensed technology
 
$
4,608
 
$
718
 
$
4,608
 
$
631
 
Schedule of Finite-lived Intangible Assets Amortization Expense
Amortization expense related to intangible assets totaled $87,000 for the three months ended March 31, 2018 and totaled $203,000 for the three ended March 31, 2017. The aggregate estimated amortization expense for intangible assets remaining as of March 31, 2018 is as follows (in thousands):
 
2018
 
$
259
 
2019
 
 
346
 
2020
 
 
346
 
2021
 
 
346
 
2022
 
 
346
 
over 5 years
 
 
2,247
 
 
 
 
 
 
Total
 
$
3,890