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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

5.             INTANGIBLE ASSETS

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

 

December 31, 2016

                   

Weighted

 

Gross

       

Net

 

Average

 

Carrying

 

Accumulated

 

Carrying

 

Useful Life

 

 Amount

 

 Amortization

 

 Value

 

(in Years)

Developed technology

$

           3,900

 

$

           (3,900)

 

$

                   -

 

                  -

Software development

 

           2,885

   

                (90)

   

              2,795

 

                 8.0

 

$

           6,785

 

$

           (3,990)

 

$

              2,795

 

                 8.0

                     

 

                                                                                      

 

December 31, 2015

                   

Weighted

 

Gross

       

Net

 

Average

 

Carrying

 

Accumulated

 

Carrying

 

Useful Life

 

 Amount

 

 Amortization

 

 Value

 

(in Years)

Developed technology

$

           3,900

 

$

           (3,900)

 

$

                   -

 

                  -

Software development

 

           1,210

   

                 -

   

              1,210

 

                 8.0

   

           5,110

 

$

           (3,900)

 

$

              1,210

 

                 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

 

2017

 

$

               361

 

2018

 

 

               361

 

2019

 

 

               361

 

2020

 

 

               361

 

2021

 

 

               361

 

 

The above amortization expense relates to capitalized costs related to software development of the Autoscope Vision, which was available for sale starting in the fourth quarter of 2016.  This expense is included as a component of royalty cost of revenue. Additionally, 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 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, 2016.