Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
6. Intangible Assets
 
On December 1, 2015, the Company acquired substantially all of the assets of Equipois, LLC, a New Hampshire limited liability company, for an initial payment of $1,071, payable in shares of the Company’s common stock, and recorded $768 of estimated contingent consideration. The transaction resulted in the Company recording $1,610 of intangible assets with an estimated life of three years. The following table reflects the amortization of the purchased intangible assets as of June 30, 2016:
 
 
 
Cost
 
Accumulated
Amortization
 
Net
 
Developed technology
 
$
1,160
 
$
(226)
 
$
934
 
Customer relationships
 
 
70
 
 
(13)
 
 
57
 
Customer trade name
 
 
380
 
 
(74)
 
 
306
 
 
 
$
1,610
 
$
(313)
 
$
1,297
 
 
Estimated future amortization for the remainder of 2016 is $270, and $537 and $490 for the years 2017 and 2018, respectively.