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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Summary of Other Assets

Other Assets

 

Intangible Assets at December 31, 2014

 

Useful
Lives
(Years)

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net Value

 

 

 

(in thousands)

 

Intellectual property

 

 

3

 

 

 

322

 

 

 

305

 

 

 

17

 

License

 

 

-

 

 

 

218

 

 

 

-

 

 

 

218

 

 

 

 

 

 

 

$

540

 

 

$

305

 

 

$

235

 

 

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets held by the Company for the year ended December 31, 2014 was approximately $108,000 and was approximately $108,000 in 2013. Estimated amortization expense for the next five years is as follows:

 

For the Year Ending December 31,

 

Amount

 

 

 

(in thousands)

 

2015

  

$

17

  

2016

 

 

-

 

2017

 

 

-

 

2018

 

 

-

 

2019

 

 

-

 

 

 

$

17