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Intangible Assets, Net
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

7. Intangible Assets, Net

 

At December 31, 2017 and 2016, intangible assets, primarily consisting of acquired patents and accumulated amortization were as follows (in thousands):

 

    December 31,  
    2017 (1)     2016 (2)  
Intangible assets   $ 23,294     $ 25,703  
Accumulated amortization     (16,394)       (15,497)  
Intangible assets, net   $ 6,900     $ 10,206  

 

  (1) Reflects the effect of the OncoCyte Deconsolidation.
     
  (2) Reflects the effect of the Asterias Deconsolidation

 

BioTime amortizes its intangible assets over an estimated period of 10 years on a straight-line basis. BioTime recognized $2.3 million, $3.6 million and $5.3 million in amortization expense of intangible assets during the years ended December 31, 2017, 2016 and 2015, respectively.

 

Amortization of intangible assets for periods subsequent to December 31, 2017 is as follows (in thousands):

 

Year Ended

December 31,

 

Amortization

Expense

 
2018   $ 2,338  
2019     2,328  
2020     1,553  
2021     517  
2022     164  
Total   $ 6,900