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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2018
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS

4.             INTANGIBLE ASSETS

Intangible assets consisted of the following (dollars in thousands): 

 

December 31, 2018

 

 

 


 

 

 


 

 

 


 

Weighted

 

Gross


 

 

 


 

Net


 

Average

 

Carrying


 

Accumulated


 

Carrying


 

Useful Life

 

 Amount


 

 Amortization


 

 Value


 

(in Years)

Developed technology

$

3,900


 

$

(3,900

)

 

$

 


 

Vision development costs

 

2,929


 

 

(819

)

 

 

2,110


 

8.0

Software development in process costs

 

 674


 

 


 

 

 674


 

 

IntellitraffiQ development costs
468


(59 )

409

4.0
Wrong Way development costs
228


(104 )

124

2.0

 

$

 8,199


 

$

(4,882

)

 

$

 3,317


 

7.1

                                                                                      

 

December 31, 2017

 

 

 


 

 

 


 

 

 


 

Weighted

 

Gross


 

 

 


 

Net


 

Average

 

Carrying


 

Accumulated


 

Carrying


 

Useful Life

 

 Amount


 

 Amortization


 

 Value


 

(in Years)

Developed technology

$

 3,900


 

$

(3,900

)

 

$


 

Vision development costs

 

 2,929


 

 

(452

)

 

 

 2,477


 

 8.0

Software development in process costs
1,008





1,008

 

7,837


 

$

(4,352

)

 

$

 3,485


 

8.0

 

The estimated future amortization expense related to other intangible assets for the next five fiscal years is as follows (dollars in thousands): 

 

 

 

Amortization

 

 

 

Expense

2019

 

$

 598

2020

 

 

 493

2021

 

 

 484

2022

 

 

 426

2023

 

 

 367

 

The above amortization expense relates to various capitalized costs related to software development.  Future amortization amounts presented above are estimates.  Actual future amortization expense may be different due to future acquisitions, impairments, changes in amortization periods, or other factors.

In accordance with United States generally accepted accounting principles ("GAAP"), we performed an assessment of recoverability on our software development costs, which is impacted by estimates and assumptions of future revenue and expenses for these products, as well as other factors such as changes in product technologies. We determined that the estimated undiscounted cash flows is greater than the asset carrying value, and there were no impairment triggers as of December 31, 2018.