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INTANGIBLES AND OTHER ASSETS | 3 Months Ended
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Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLES AND OTHER ASSETS | INTANGIBLES AND OTHER ASSETS We review our amortizable long-lived assets for impairment annually or whenever events indicate that the carrying amount of the asset (group) may not be recoverable. An impairment loss may be needed if the sum of the future undiscounted cash flows is less than the carrying amount of the asset (group). The amount of the loss would be determined by comparing the fair market value of the asset to the carrying amount of the asset (group). Long-lived intangible assets as of March 31, 2016 and December 31, 2015 consisted of the following:
| Dollars in Thousands
| March 31, 2016
| Cost |  | Accumulated Amortization |  | Net Book Value
Patents | 780 |  |  | 72 |  |  | 708 |
Intellectual property | 672 |  |  | 234 |  |  | 438 |
| $ | 1,452 |  |  | $ | 306 |  |  | $ | 1,146 |
| Dollars in Thousands
| December 31, 2015
| Cost |  | Accumulated Amortization |  | Net Book Value
Patents | 980 |  |  | 274 |  |  | 706 |
Intellectual property | 671 |  |  | 207 |  |  | 464 |
| $ | 1,651 |  |  | $ | 481 |  |  | $ | 1,170 |
| Estimated Useful Life
Patents | Life of the patent
Intellectual property | 7 years
Other assets include U.S. security deposits and deferred tax assets, net of applicable valuation allowances. Amortization expense for intangible assets was less than $0.1 million during each of the three months ended March 31, 2016 and 2015. Amortization expense for intangible assets is expected to be $0.1 million for each of the years ending December 31, 2016, 2017, 2018, 2019 and 2020, respectively.

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