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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
NOTE 5. INTANGIBLE ASSETS

At December 31, 2013 and 2012, intangible assets consisted of the following (in thousands):

 

    2013     2012  
             
Brand name and trademark (life indefinite)   $ 1,510     $ 1,510  
                 
Purchased technology (9-17 year lives)   $ 1,441     $ 1,441  
Less: accumulated amortization     (866 )     (777 )
                 
Purchased technology, net   $ 575     $ 664  

 

With respect to our trademark and brand name, we continue to market products, release new products and product extensions and maintain and promote these trademarks and brand name in the marketplace through legal registration and such methods as advertising, medical education and trade shows.  It is our belief that these trademarks and brand names will generate cash flow for an indefinite period of time.  Therefore, we believe our trademarks and brand name intangible assets are not impaired.

 

Amortization expense amounts for the next five years are approximately $145,000 in 2014 and $108,000 for 2015 through 2018.

 

During 2011, certain intangible assets were transferred in conjunction with our settlement agreement with Mr. Livneh (See Note 13).