INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6: INTANGIBLE ASSETS, NET


			Six months ended June 30, 2018						Year ended December 31, 2017
	Weighted Average Amortization Period (Years)		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Intangible assets –amortizable:
Customer relationships		4.5	$	272	$	242	$	30	$	272	$	211	$	61
Customer backlog		1.5		93		93		—		93		93		—
Core technologies		5.1		5,796		4,535		1,261		5,796		4,115		1,681
NB-IoT technologies (*)		7.0		2,200		184		2,016		—		—		—

Total intangible assets			$	8,361	$	5,054	$	3,307	$	6,161	$	4,419	$	1,742

(*)

During the first quarter of 2018, the Company entered into an agreement to acquire certain NB-IoT technologies in the amount of $2,800, of which $600 has not been received. Of the $2,200, $750 has not resulted in cash outflows as of June 30, 2018. The Company recorded the amortization cost of the NB-IoT technologies in “cost of revenues” on the Company’s interim condensed consolidated statements of income.

Future estimated annual amortization charges are as follows:


2018		607
2019		1,154
2020		314
2021		314
2022		314
2023		314
2024		290

	$	3,307