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Balance Sheet Detail
6 Months Ended
Jun. 30, 2014
Balance Sheet Detail  
Balance Sheet Detail

Note 3: Balance Sheet Detail

 

 

 

As of June 30,
2014

 

As of December 31,
2013

 

 

 

(in thousands)

 

Inventories:

 

 

 

 

 

Work-in-process

 

$

537

 

$

542

 

Finished goods

 

91

 

25

 

 

 

$

628

 

$

567

 

 

Identifiable intangible assets relating to business combinations and the patent license were as follows (dollar amounts in thousands):

 

 

 

June 30, 2014

 

 

 

Life
(years)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Value

 

Developed technology

 

3-5

 

$

9,240

 

$

8,586

 

$

654

 

Patent license

 

7

 

780

 

279

 

501

 

Total

 

 

 

$

10,020

 

$

8,865

 

$

1,155

 

 

 

 

December 31, 2013

 

 

 

Life
(years)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Value

 

Developed technology

 

3-5

 

$

9,240

 

$

8,142

 

$

1,098

 

Patent license

 

7

 

780

 

223

 

557

 

Total

 

 

 

$

10,020

 

$

8,365

 

$

1,655

 

 

Intangible assets acquired in business combinations, referred to as purchased intangible assets, are accounted for based on the fair value of assets purchased and are amortized over the period in which economic benefit is estimated to be received. Amortization expense has been included in research and development expense in the condensed consolidated statements of operations and comprehensive loss.  The estimated aggregate amortization expense to be recognized in future years is approximately $0.5 million for the remainder of 2014, $0.3 million for 2015 and $0.1 million annually for each of 2016, 2017 and 2018.