Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of the following: 

	2016		2015		Remaining Weighted Average Amortization Period as of December 31, 2016
License agreements and other	$	1,469,000	$	1,249,000		5.4 years
Less accumulated depreciation		983,000		895,000
	$	486,000	$	354,000

Amortization expenses on amortizable intangible assets included in the consolidated statement of operations for the years ended December 31, 2016, January 2, 2016 and January 3, 2015 were approximately $88,000, $45,000 and $36,000, respectively.

In December 2015, the Company decided to discontinue its efforts to commercialize and market products associated with the patent the Company licensed from the Research Foundation of State University of New York in June 2008. The Company paid a license fee of approximately $78,000 and the licensed rights to the patent were recognized as intangible assets with an estimated fair value of approximately $78,000 and a useful life of 10 years. At January 2, 2016, the Company determined that these assets no longer had any carrying value as the Company discontinued its operations related to these assets. The loss from impairment of these assets recorded for the year ended January 2, 2016 was approximately $19,000.

Estimated aggregate amortization expense for each of the next five years is as follows:

Years ending December:
2017	$	94,000
2018		94,000
2019		94,000
2020		89,000
2021		70,000
Thereafter		45,000
	$	486,000