Other Assets, Net

6 Months Ended

Jun. 30, 2019

9. Other Assets, Net

Other assets, net consisted of the following at:


		June 30,		December 31,
		2019		2018
Fitting Software	$	3,679	$	-
NXP Tech		2,063		2,259
Other		492		1,168
Total	$	6,234	$	3,427

In January 2019, the Company purchased the source code for self-fitting software from Soundperience for 1,750 Euros and also transferred our 49% ownership interest in Soundperience to the majority owner, positioning the Company to capitalize on the upcoming over-the-counter (OTC) hearing aid regulations. The Company has capitalized the self-fitting software within other assets, net based on the cost of the consideration transferred and will begin amortizing the asset when it is placed into service. Included in the capitalized cost of the self-fitting software is $586 of cash paid at closing as well as non-cash amounts of $869 due in future quarterly installments over the next four years, $533 due in January 2023 and $1,691 for the value of the partnership and license agreement transferred. The future payments are due in Euros and the related liabilities will be revalued based on exchange rates as of each reporting period. As of June 30, 2019, outstanding liabilities are $1,329.