Intangible Assets

6 Months Ended

Jun. 30, 2016

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 and is recorded as part of engineering, selling and administrative expenses in the accompanying Condensed Consolidated Statements of Operations. The intangible assets consist of intellectual property and goodwill. The net carrying value of the amortizable intangible assets was $408,000 and $435,000 as of June 30, 2016 and December 31, 2015, respectively. Goodwill, which is not amortizable, was $40,000 as of June 30, 2016 and December 31, 2015.

The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):

2016	$	27
2017		54
2018		54
2019		54
2020		54
Thereafter		165
Total	$	408