Note 7 - Patents and Trademarks, Net

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

7

.

Patents and T

rademarks, net

Net patents and trademarks totaled

$365

and

$408

as of

June 30, 2018

and

December 31, 2017,

respectively, and primarily consisted of purchased patent rights and internally developed patents.

Purchased patent rights represent the exclusive right to commercialize the bulk amorphous alloy and other amorphous alloy technology acquired from California Institute of Technology (“Caltech”), through a license agreement with Caltech and other institutions. All fees and other amounts payable by the Company for these rights and licenses have been paid or accrued in full, and

no

further royalties, license fees or other amounts will be payable in the future under the license agreement.

In addition to the purchased and licensed patents, the Company has internally developed patents. Internally developed patents include legal and registration costs incurred to obtain the respective patents. The Company currently holds various patents and numerous pending patent applications in the United States, as well as numerous foreign counterparts to these patents outside of the United States.

The Company amortizes capitalized patents and trademarks over an average of

10

to

17

year periods. Amortization expense for patents and trademarks was

$22

and

$43

for the

three

and

six

months ended

June 30, 2018,

respectively. This compares to

$22

and

$43

for the

three

and

six

months ended

June 30, 2017,

respectively.