Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 6. Intangible Assets

The Company’s intangible assets consisted of the following:

	Amount
January 1, 2016	$	-
Acquisition of intellectual property		495
Amortization		(27	)
December 31, 2016	$	468
Amortization		(165	)
Impairment		(303	)
December 31, 2017	$	-

The net book value of intangible assets as of December 31, 2016 relate to the Sentinel network intrusion detection device, all underlying software and firmware, the server contract, and case and circuit board inventory the Company acquired from Cyberdonix in October 2016 by issuing 150,000 shares of MGT common stock for total cost of $495. In connection with the sale of the Company’s cybersecurity business in March 2018, as described in Note 1, the Company recorded an impairment change equal to the net book value of the intangible assets of $303 as of December 31, 2017. The Company recorded amortization expense of $165 and $27 for the years ended December 31, 2017 and 2016, respectively.