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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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