5.	*Intangible Assets*

The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:


	June 30, 2015		December 31, 2014

Database	$	20,749,000	$	19,435,000
Accumulated amortization		(16,007,000)		(15,018,000)

Database, net		4,742,000		4,417,000

Customer relationships		14,100,000		14,100,000
Accumulated amortization		(7,855,000)		(7,379,000)

Customer relationships, net		6,245,000		6,721,000

Website		12,947,000		11,936,000
Accumulated amortization		(9,760,000)		(8,876,000)

Website, net		3,187,000		3,060,000

Acquired below market lease		2,800,000		2,800,000
Accumulated amortization		(2,469,000)		(2,317,000)

Acquired below market lease, net		331,000		483,000

Intangibles, net	$	14,505,000	$	14,681,000

The Company capitalized approximately $718,000 and $562,000 during the three months ended June 30, 2015 and 2014, respectively, and approximately $1,314,000 and $1,158,000 during the six months ended June 30, 2015 and 2014, respectively, to the database intangible asset. The Company capitalized approximately $525,000 and $410,000 during the three months ended June 30, 2015 and 2014, respectively, and approximately $1,011,000 and $892,000 during the six months ended June 30, 2015 and 2014, respectively, to the website intangible asset.

Amortization expense for intangible assets aggregated approximately $1,280,000 and $2,501,000 for the three and six months ended June 30, 2015, of which approximately $507,000 and $989,000 related to the database, which is charged to cost of sales, approximately $238,000 and $476,000 related to customer relationships, which is charged to sales and marketing expense, approximately $459,000 and $884,000 related to website development, which is charged to product development expense, and approximately $76,000 and $152,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,209,000 and $2,362,000 for the three and six months ended June 30, 2014, of which approximately $439,000 and $852,000 related to the database, approximately $241,000 and $482,000 related to customer relationships, approximately $453,000 and $876,000 related to website development and approximately $76,000 and $152,000 related to the value ascribed to the below market terms of the office lease.