Intangible Assets, Net

12 Months Ended

Dec. 31, 2018

Intangible Assets, Net [Abstract]

Intangible Assets, Net

5.  Intangible Assets, Net

Intangible assets primarily consist of a license to utilize certain patents, know-how and technology relating to the Company’s NPS for biomedical applications acquired from Old Dominion University Research Foundation (“ODURF”), Eastern Virginia Medical School, and the University of Southern California. In addition, the Company entered into a Sponsored Research Agreement with Old Dominion University’s Frank Reidy Research Center for Bioelectrics, a leading research organization in the field, which includes certain intellectual property rights arising from the research.

Intangible assets, net consisted of the following (in thousands):

	December 31,
	2018		2017
Acquired patents and licenses	$	7,985	$	7,985
Less: Accumulated amortization		(2,772)		(2,107)
	$	5,213	$	5,878

A  schedule of the amortization of intangible assets for the five years ending December 31, 2019 through 2023 and thereafter is as follows (in thousands):

Year Ending December 31:
2019	$	665
2020		665
2021		665
2022		665
2023		665
Thereafter		1,888
	$	5,213