Intangible Assets

6 Months Ended

Jun. 30, 2015

D.	Intangible Assets

Intangible assets are recorded at cost less accumulated amortization. Amortization is computed for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range up to 10 years. The intangible assets consist of intellectual property and goodwill. The net carrying value of the amortizable intangible assets was $462,000 and $488,000 as of June 30, 2015 and December 31, 2014, respectively. Goodwill, which is not amortizable, was $40,000 as of June 30, 2015 and December 31, 2014.

The estimated aggregate amortization expense for each of the five succeeding years and thereafter is as follows (in thousands):

2015	$	27
2016		54
2017		54
2018		54
2019		54
Thereafter		219
Total	$	462