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LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2015
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology

Licensed technology consists of the following:

 

  December 31, 
  2015  2014 
Licensed technology $7,156,000  $5,000,000 
Less accumulated amortization  547,000   9,000 
Licensed technology, net $6,609,000  $4,991,000 
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2015 is as follows:

 

2016 $582 
2017  582 
2018  582 
2019  582 
2020  582 
Thereafter  3,699 
Total $6,609