Patents and Licensed Technologies, net

12 Months Ended

Dec. 31, 2016

Patents and Licensed Technologies, net [Abstract]

Note 5

Patents and Licensed Technologies, net:

	December 31, 2016			December 31, 2015

Core technology	$	5,974		$	5,974

Product technology		2,000			2,000
		7,974			7,974
Accumulated amortization		(1,702	)		(727	)
Patents and licensed technologies, net	$	6,272		$	7,247

Related amortization expense was $975 and $490 for each of the years ended December 31, 2016 and 2015. The Core technology of $5,700 and Product technology of $2,000 are the core and product technologies acquired in the asset purchase of the XTRAC and VTRAC businesses and were recorded at their appraised fair values at that date. Amortization of these intangibles is on a straight-line basis over 5 years for Product technology and 10 years for Core technology.

Estimated amortization expense for amortizable patents and licensed technologies assets for the future periods is as follows:

2017	$	975
2018		975
2019		975
2020		775
2021		575
Thereafter		1,997
Total	$	6,272