Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of the following (in thousands):



	December 31,
	2015			2014			Estimated Useful Life
Customer relationships	$	4,335		$	4,335		5 Years
Affiliate network	994			994			12 Years
Trademarks	548			548			8 Years
	5,877			5,877
Accumulated amortization	(3,699		)	(2,830		)
Intangible assets, net	$	2,178		$	3,047

Due to our recurring net losses, the Company performed an evaluation of intangible assets in the fourth quarter of 2015, and determined that the fair value of the long-lived assets exceeds the carrying value, therefore no impairment charges are required for the year ended December 31, 2015. The Company recorded an impairment charge of $1,696,000 on its intangible assets during the year ended December 31, 2014, recognized as “Impairment Charges” on our Consolidated Statements of Operations. This impairment charge consisted of $765,000 for customer relationships, $716,000 for affiliate network and $215,000 for trademarks and was due to forecasted net revenue streams lower than originally forecasted.

Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five years to twelve years in accordance with ASC Topic 350. Accumulated amortization as of December 31, 2015 consisted of $3,037,000 for customer relationships, $390,000 for affiliate network and $272,000 for trademarks. Related amortization expense was $869,000 and $1,258,000 for the years ended December 31, 2015 and 2014, respectively. Amortization expense for each of the next five succeeding years will be as follows (in thousands):



2016	869
2017	683
2018	127
2019	70
Thereafter	429
Total	$	2,178