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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2019
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

4. INTANGIBLE ASSETS

 

Intangible assets, included in “other assets,” consisted of patent licensing fees paid to license intellectual property (see Note 14).  The Company is amortizing the license fee as a research and development expense over the 15– year term of the license.

 

 

 

 

 

 

 

 

 

(In thousands)

    

2019

    

2018

 

Patent licensing fee

 

$

200

 

$

200

 

Accumulated amortization

 

 

(174)

 

 

(156)

 

Intangible assets, net

 

$

26

 

$

44

 

 

For the years ended December 31, 2019 and 2018, the amortization expense was $18 thousand and $17 thousand respectively. Amortization expense is expected to be $18 thousand and $8 thousand in 2020 and 2021, respectively.