Intellectual Property

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Intellectual Property

NOTE 6.  INTELLECTUAL PROPERTY

Intellectual property consisted of the following at the dates indicated (in thousands):

Intellectual Property (in thousands)
	September 30, 2014			December 31, 2013
Technologies	$	193		$	193
Patents		210			210
Subtotal	$	403		$	403
Accumulated amortization		(218	)		(162	)
Net intellectual property	$	185		$	241

Future amortization expense for the intangible assets is estimated as follows (in thousands):

Intangible Assets Future Amortization Years Ending December 31 (in thousands)
Remaining in 2014	$	7
2015		8
2016		8
2017		8
2018		8
Thereafter		146
Total future amortization	$	185

Intellectual properties are recorded at cost and are being amortized on a straight-line basis over their estimated useful lives of 20 years or the patent application life specific to each capitalized patent. Amortization expense for the three-month periods ended September 30, 2014 and 2013 was $18,000 and $19,000, respectively, and for the nine-month periods ended September 30, 2014 and 2013 was $56,000 and $58,000, respectively. The Company routinely evaluates the recoverability of its long-lived assets based upon estimated future cash flows from and estimated fair value of such long-lived assets. If in management’s judgment, the anticipated undiscounted cash flows or estimated fair value are insufficient to recover the carrying amount of the long-lived asset, the Company will determine the amount of the impairment and the value of the asset will be written down. Impairment of intangible assets for the three- and nine-month periods ending September 30, 2014 and 2013 was $0 and $9,200, respectively.