Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.19.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
Intangible assets consist of the following as of December 31, 2018 and 2017:
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Useful Life (Years)
Balance - December 31, 2018:
 
 
 
 
 
 
 
In-process research and development
$
3,730

 
$
—

 
$
3,730

 
—
Trade names
100

 
60

 
40

 
5
Non-compete agreements
77

 
46

 
31

 
5
 
$
3,907

 
$
106

 
$
3,801

 
 
 
 
 
 
 
 
 
 
Balance - December 31, 2017:
 
 
 
 
 
 
 
In-process research and development
$
3,730

 
$
—

 
$
3,730

 
—
Trade names
100

 
40

 
60

 
5
Non-compete agreements
77

 
31

 
46

 
5
 
$
3,907

 
$
71

 
$
3,836

 
 

The Company did not incur costs to renew or extend the term of acquired intangible assets for the years ended December 31, 2018 and 2017. Amortization expense for intangible assets was $35 for the years ended December 31, 2018 and 2017. The Company expects future amortization expense of $35 and $36 for the years ending December 31, 2019 and 2020, respectively.