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LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2016
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology
Licensed technology consists of the following:

 
December 31,
 
 
2016
  
2015
 
Licensed technology
 
$
9,608,000
  
$
7,156,000
 
Less accumulated amortization
  
1,224,000
   
547,000
 
Licensed technology, net
 
$
8,384,000
  
$
6,609,000
 
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2016 is as follows:

2017
 
$
812
 
2018
  
812
 
2019
  
812
 
2020
  
812
 
2021
  
812
 
Thereafter
  
4,324
 
Total
 
$
8,384