XML 23 R12.htm IDEA: XBRL DOCUMENT v3.3.1.900
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Note 6. INTANGIBLE ASSETS

At December 31, 2015 and 2014, intangible assets consisted of the following (in thousands):

 

    December 31,     December 31,  
    2015     2014  
             
Brand name and trademark (life indefinite)   $ 1,510     $ 1,510  
                 
Purchased technology (9-17 year lives)     1,441       1,441  
Less: accumulated amortization     (1,118 )     (1,010 )
Purchased technology, net     323       431  
                 
Goodwill   $ 185     $ -  

 

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. Goodwill results from our acquisition of Bovie Bulgaria, EOOD

 

Amortization expense amounts for the next five years are approximately $108,000 for 2015 through 2019.