Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, net

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Intangible assets, net
 9 Months Ended
Sep. 30, 2016
Intangible assets, net  
Intangible assets, net

 

Note 6 — Intangible assets, net

 

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

 

 

 

September 30,
2016

 

December 31,
2015

 

 

 

 

 

 

 

Acquired software licenses

 

$
1,234

 

$
399

 

IP rights for licensed technology

 
90

 

—

 

 

 

 

 

 

 

 

 
1,324

 
399

 

Less accumulated amortization

 
(197

)
(94

)

 

 

 

 

 

 

 

 

$
1,127

 

$
305

 

 

 

 

 

 

 

 

 

 

Amortization expense was $40,000 and $25,000 for the three months ended September 30, 2016 and 2015, respectively, and $122,000 and $25,000 for the nine months ended September 30, 2016 and 2015, respectively. The estimated aggregate amortization expense in respect of these assets for each of the five years ended September 30, 2021 is $410,000, $364,000, $309,000, $13,000 and $13,000, respectively.