Other Assets, Net

12 Months Ended

Dec. 31, 2019

10. OTHER ASSETS, NET

Other assets, net consisted of the following at:


		December 31,		December 31,
		2019		2018
Self-fitting software	$	3,679	$	-
Technology access		1,866		2,259
Other		510		1,168
Total	$	6,055	$	3,427

In January 2019, the Company purchased the source code for self-fitting software from Soundperience for 1,829 Euros and transferred our 49% ownership interest in Soundperience and related license agreement to the majority owner. The Company has capitalized the self-fitting software based on the cost of the consideration transferred and will begin amortizing the asset when it is placed into service. Included in the capitalized cost of the self-fitting software is $586 of cash paid at closing as well as $869 due in quarterly installments over the next four years, $533 due in January 2023 and $1,691 for the value of the ownership interests and license agreement transferred. The future payments are due in Euros and the related liabilities are revalued based on exchange rates as of each reporting period. As of December 31, 2019, outstanding liabilities consist of $285 other accrued current liabilities and $921 other long-term liabilities.