INTANGIBLE ASSETS, NET & GOODWILL

12 Months Ended

Dec. 31, 2014

INTANGIBLE ASSETS, NET & GOODWILL [Abstract]

NOTE 5- INTANGIBLE ASSETS, NET & GOODWILL

The goodwill and intangible assets at December 31, 2014 and 2013 are summarized as follows:

					Impairment provision,
					Amortization and accumulated
			Net Book		translation adjustments (“ATA”)			Net Book
	Useful Life		Value		for the six months ended			Value
	(In Years)		December 31, 2013		December 31, 2014			December 31, 2014
Patents and Trademarks	7		$	30	$	(23	)	$	7
Customer Relationships	8.5			525		(97	)		428
Developed Technology	7			1,297		(325	)		972
In Process Technology	(a	)		189		(1	)		188
Trade name	(a	)		2,239		(639	)		1,600
Intangible assets			$	4,280	$	(1,085	)	$	3,195

Goodwill			$	334	$	(2	)	$	332

(a)

The in process technology and trade name have been determined to have an indefinite life.

As of December 31, 2014, the company recognized an impairment loss of $627,000 for the Trade name. The impairment charges was based on the fair value which was the estimation of discounted cash flow.

As of December 31, 2014, estimated future amortization expense for intangibles assets, subject to amortization, is as follows (in thousands):

Year ended December 31,	Amortization Expense
2015	$	429
2016		422
2017		419
Thereafter		137
	$	1,407