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Intangible Assets
9 Months Ended
Sep. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

9. INTANGIBLE ASSETS: 


Intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

December 31, 2018

(In thousands)

 

Gross
Carrying
Amount


Accumulated
Amortization


Net


Gross
Carrying
Amount


Accumulated
Amortization


Net

Patents

 

$

2,842

 

 

$

(2,630

)

 

$

212

 

 

$

2,754

 

 

$

(2,533

)

 

$

221

 

Software

 

206

 

 

(163

)

 

43

 

 

206

 

 

(141

)

 

65

 

Marketing assets and customer relationships

 

101

 

 

(61

)

 

40

 

 

101

 

 

(54

)

 

47

 

Non-compete agreements

 

101

 

 

(101

)

 

 

 

101

 

 

(101

)

 

 

 

 

$

3,250

 

 

$

(2,955

)

 

$

295

 

 

$

3,162

 

 

$

(2,829

)

 

$

333

 

Amortization expense for our intangible assets in the three and nine months ended September 30, 2019 and the three and nine months ended September 30, 2018 was as follows:  

 









 

 

 

 

 

 

 

 

 


Three Months Ended September 30,

 

Nine Months Ended September 30,

(In thousands)


2019
2018

 

2019

 

2018

Patents


$ 33

$ 28

 

$

97

 

 

$

84

 

Software



7


8

 

 

22

 

 

 

23

 

Marketing assets and customer relationships



3


2

 

 

7

 

 

 

7

 

Non-compete agreements







 

 

 

 

 

5

 

 


$ 43

$ 38

 

$

126

 

 

$

119

 


Amortization of patents has been classified as research and development expense in the accompanying consolidated statements of operations. Estimated aggregate future amortization expense based on current intangible assets is expected to be as follows: $42,000 for the remainder of 2019; $149,000 in 2020; $74,000 in 2021; $19,000 in 2022; $9,000 in 2023; and $2,000 in 2024.


Intangible and other long-lived assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when future undiscounted cash flows expected to result from use of the asset and its eventual disposition are less than the carrying amount. There were no impairments in the nine months ended September 30, 2019 or the nine months ended September 30, 2018.