Annual report pursuant to Section 13 and 15(d)

Intangible assets, net

v3.10.0.1
Intangible assets, net
 12 Months Ended
Dec. 31, 2018
Intangible assets, net  
Intangible assets, net

Note 7 — Intangible assets, net

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

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

    

2018

    

2017

Acquired software licenses

 

$

2,494

 

$

1,789

Licensed IP rights – completed technology used in R&D

 

 

197

 

 

200

 

 

 

2,691

 

 

1,989

Less accumulated amortization

 

 

(1,218)

 

 

(652)

 

 

$

1,473

 

$

1,337

 

Amortization expense was $622,000,  $391,000 and $160,000 for the years ended December 31, 2018,  2017 and 2016, respectively. The estimated aggregate amortization expense in respect of these assets for each of the five years ended 2023 is $659,000,  $360,000, $137,000,  $23,000 and $13,000, respectively.