Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, net

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Intangible assets, net
 9 Months Ended
Sep. 30, 2017
Intangible assets, net  
Intangible assets, net

 

Note 7 — Intangible assets, net

 

Intangible assets, net consisted of the following (in thousands):

 

 

 

September 30, 
2017

 

December 31,
2016

 

Acquired software licenses

 

$
1,699

 

$
1,310

 

Licensed IP rights - completed technology used in R&D

 
198

 
183

 

 

 

 

 

 

 

 

 
1,897

 
1,493

 

Less accumulated amortization

 
(523

)
(225

)

 

 

 

 

 

 

 

 

$
1,374

 

$
1,268

 

 

 

 

 

 

 

 

 

 

Amortization expense was $108,000 and $40,000 for the three months ended September 30, 2017 and 2016, respectively, and $267,000 and $122,000 for the nine months ended September 30, 2017 and 2016, respectively.