Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

7. Intangible Assets

Intangible assets consisted of the following at September 30, 2018 (dollars in thousands):

	Useful life		Gross		Accumulated Amortization			Net
		(Years)
Intangible assets not yet subject to amortization:
Software in development			$	79	$	-		$	79
Intangible assets subject to amortization:
Software in service		5		2,123		(482	)		1,641
Product formulation		10		472		(374	)		98
Total			$	2,674	$	(856	)	$	1,818

Intangible assets consisted of the following at December 31, 2017 (dollars in thousands):

	Useful life		Gross		Accumulated Amortization			Net
		(Years)
Intangible assets not yet subject to amortization:
Software in development			$	1,243	$	-		$	1,243
Intangible assets subject to amortization:
Software in service		5		3,191		(597	)		2,594
Product formulation		10		486		(351	)		135
Total			$	4,920	$	(948	)	$	3,972

Amortization expense relating to intangible assets was $0.5 million and $0.4 million for the nine months ended September 30, 2018 and 2017, respectively. During the three and nine months ended September 30, 2018, the Company also recorded impairment charges of $0.8 million and $2.1 million, respectively, related to abandoned software in service as a loss on disposal of assets in the condensed consolidated statement of operations.

The following table shows the Company’s estimated future amortization expense related to intangible assets currently subject to amortization for the next five years (in thousands):

Remainder 2018	$	120
2019		468
2020		459
2021		420
2022		215
Thereafter		57
Total	$	1,739