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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Finite Lived Intangible Assets Future Amortization Expense [Abstract]  
Schedule of Identifiable Intangible Assets

The following table summarizes the Company’s identifiable intangible assets:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Trade name

 

$

15,000

 

 

$

(1,000

)

 

$

14,000

 

 

$

15,000

 

 

$

0

 

 

$

15,000

 

 

Schedule of Estimated Amortization Expense for Identifiable Intangible Assets

Estimated amortization expense for identifiable intangible assets for the next five years is expected to be as follows

 

2017

 

$                      1,000

2018

 

1,000

2019

 

1,000

2020

 

1,000

2021

 

1,000