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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2014
Notes to Financial Statements |
Note 5. INTANGIBLE ASSETS | At December 31, 2014 and 2013, intangible assets consisted of the following (in thousands):
|  | 2014 |  |  | 2013 |
Brand name and trademark (life indefinite) |  | $ | 1,510 |  |  | $ | 1,510 |
Purchased technology (9-17 year lives) |  |  | 1,441 |  |  |  | 1,441 |
Less: accumulated amortization |  |  | (1,010 | ) |  |  | (866 | )
Purchased technology, net |  | $ | 431 |  |  | $ | 575 |
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 $108,000 for 2015 through 2019. During 2011, certain intangible assets were transferred in conjunction with our settlement agreement with Mr. Livneh (See Note 13).

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