Quarterly report pursuant to Section 13 or 15(d) 03-31-2016

Intangible Assets

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Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. Intangible Assets

 

Intangible assets consisted of the following (in thousands):

 

    March 31, 2016     December 31, 2015  
Customer relationships   $ 3,990     $ 3,990  
Developed technology     4,685       4,685  
Other patents and patent applications     562       562  
Trademarks     350       350  
Total intangibles     9,587       9,587  
Less accumulated amortization     (6,025)       (5,900)  
Total intangibles net of amortization   $ 3,562     $ 3,687  

 

Based on the recorded intangibles at March 31, 2016, the estimated amortization expense is expected to be $375,000 during the remainder of 2016 and approximately $501,000 per year through 2020 and $834,000 thereafter.