Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, net

v3.5.0.2
Intangible assets, net
 6 Months Ended
Jun. 30, 2016
Intangible assets, net  
Intangible assets, net

 

Note 6 — Intangible assets, net

 

Intangible assets, net consisted of the following (in thousands):

 

 

 

June 30,
2016

 

December 31,
2015

 

 

 

 

 

 

 

Acquired software licenses

 

$
1,080

 

$
399

 

IP rights for licensed technology

 
93

 

—

 

 

 

 

 

 

 

 

 
1,173

 
399

 

Less accumulated amortization

 
(163

)
(94

)

 

 

 

 

 

 

 

 

$
1,010

 

$
305

 

 

 

 

 

 

 

 

 

 

Amortization expense was $44,000 and $- for the three months ended June 30, 2016 and 2015, respectively and $82,000 and $- for the six months ended June 30, 2016 and 2015, respectively. The estimated aggregate amortization expense in respect of these assets for each of the five years ended June 30, 2021 is $145,000, $85,000, $33,000, $21,000 and $21,000, respectively.