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Other Intangible Assets
6 Months Ended
Jun. 30, 2015
Intangible Assets, Net (Including Goodwill) [Abstract]  
Other Intangible Assets

Note 7

Other Intangible Assets:

Set forth below is a detailed listing of other definite-lived intangible assets:

 

    June 30, 2015  
    (unaudited)  
Customer relationships, gross costs of $7,500, net of accumulated amortization of $0   $ 7,500  
         
Tradenames, gross costs of $1,500, net of accumulated amortization of $0     1,500  
         
Other intangible assets, net   $ 9,000  

 

Customer Relationships embody the value to the Company of relationships that PhotoMedex, for the XTRAC products, had formed with its customers. Trademarks include the tradenames and various trademarks associated with the products (e.g. “XTRAC” and “VTRAC”). Amortization of these intangibles is on a straight-line basis over 10 years for each of the Customer relationships and Tradenames.

 

Estimated amortization expense for the above amortizable intangible assets for the future periods is as follows:

 

Last six months of 2015     $ 450  
2016       900  
2017       900  
2018       900  
2019       900  
Thereafter       4,950  
Total     $ 9,000