INTANGIBLE ASSETS, NET AND GOODWILL

12 Months Ended

Dec. 31, 2015

INTANGIBLE ASSETS, NET & GOODWILL [Abstract]

INTANGIBLE ASSETS, NET & GOODWILL

NOTE 5- INTANGIBLE ASSETS, NET & GOODWILL

The goodwill and other intangible assets at December 31, 2015 and 2014 are summarized as follows:

					Impairment provision,
					Amortization and accumulated
			Net Book		translation adjustments (“ATA”)			Net Book
	Useful Life		Value		for the year ended			Value
	(In Years)		December 31, 2014		December 31, 2015			December 31, 2015
Patents and Trademarks	7		$	7	$	(7	)	$	-
Customer Relationships	8.5			428		(112	)		316
Developed Technology	7			972		(353	)		619
In Process Technology	(a	)		188		(10	)		178
Trade name	(a	)		1,600		(200	)		1,400
Intangible assets			$	3,195	$	(682	)	$	2,513
Goodwill			$	332	$	(18	)	$	314

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

As of December 31, 2015 and 2014, the company recognized an impairment loss of approximately $0.08 million and $0.6 million for the Trade name, respectively. The impairment charges were based on the fair value which was the estimation of discounted cash flow.

As of December 31, 2015, estimated future amortization expense for intangibles assets, subject to amortization, is as follows (in thousands):

Year ended December 31,	Amortization Expense
2016	$	464
2017		378
2018		93
	$	935