Patents and Licensed Technologies, net

6 Months Ended

Jun. 30, 2015

Patents And Licensed Technologies Net

Patents and Licensed Technologies, net

Note 5 

Patents and Licensed Technologies, net:

	June 30, 2015		December 31, 2014
	(unaudited)
Core technology, gross costs of $6,174 and $274, respectively, net of accumulated amortization of $240 and $237, respectively	$	5,934	$	37
Product technology, gross costs of $2,100, net of accumulated amortization of $0		2,100		—
Patents and licensed technologies, net	$	8,034	$	37

Related amortization expense was $3 for each of the six month periods ended June 30, 2015 and 2014. The Core technology of $5,900 and Product technology of $2,100 are the core and product technologies acquired in the asset purchase of the XTRAC and VTRAC businesses and were recorded at their preliminary appraised fair market 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:

Last six months of 2015	$	508
2016		1,015
2017		1,015
2018		1,015
2019		1,015
Thereafter		3,466
Total	$	8,034