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Intangible Assets
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6. Intangible Assets

 

Patent Portfolio and Patent Rights

 

The Company’s intangible assets with finite lives consist of its patents and patent rights. For all periods presented, all of the Company’s identifiable intangible assets were subject to amortization. The carrying amounts related to acquired intangible assets as March 31, 2018 are as follows ($ in thousands):

 

    Net Carrying Amount     Weighted average
amortization period (years)
 
Patent Portfolios and Patent Rights at December 31, 2017, net   $ 3,578       2.67  
Amortization expenses     (338 )        
Patent Portfolios and Patent Rights at March 31, 2018, net   $ 3,240       2.43  

  

The amortization expenses related to acquired intangible assets for the three months ended March 31, 2018 and 2017 are as follows ($ in thousands):

   

    Amortization Expense for the Three Months Ended March 31,  
Date Acquired and Description   2018     2017  
7/24/13 - Rockstar patent portfolio   $ 18     $ 18  
9/10/13 - North South patent portfolio     5       5  
12/31/13 - Rockstar patent portfolio     315       315  
    $ 338     $ 338  

 

The future amortization of these intangible assets was based on the adjusted carrying amount. Future amortization of all patents is as follows ($ in thousands):

 

    Rockstar     North South     Rockstar        
    Portfolio     Portfolio     Portfolio        
    Acquired     Acquired     Acquired     Total  
    24-Jul-13     10-Sep-13     31-Dec-13     Amortization  
Nine Months Ended December 31, 2018     54       17       964       1,035  
Year Ended December 31, 2019     71       22       1,280       1,373  
Year Ended December 31, 2020     71       22       639       732  
Year Ended December 31, 2021     71       22             93  
Thereafter     4       3             7  
Total   $ 271     $ 86     $ 2,883     $ 3,240