INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

NOTE 4 — INTANGIBLE ASSETS

For the three months ended March 31, 2020 and 2019, the Company invested in Software development costs in the amounts of approximately $124,000 and $60,000 respectively. Patents, technology and other intangibles with contractual terms are generally amortized over their estimated useful lives of ten years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.

Software development costs are amortized over their estimated useful life of three years.

Intangible assets consisted of the following:


	March 31,		December 31,
	2020		2019
	(in thousands)
Patents	$	3,698	$	3,698
Capitalized software development		1,841		1,717
Domain name		10		10
Accumulated amortization		(3,894)		(3,710)
Intangible assets, net	$	1,655	$	1,715

Amortization expense for patents totaled approximately $93,000 and $94,000 for the three months ended March 31, 2020 and 2019, respectively. Amortization expense for software development totaled approximately $91,000 and $66,000 for the three months ended March 31, 2020 and 2019, respectively.

Total amortization expense totaled approximately $184,000 and $160,000 for the three months ended March 31, 2020 and 2019, respectively.