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Other Assets, Net
 9 Months Ended
Sep. 30, 2019
Other Assets, Net [Abstract]  
Other Assets, Net







9.  Other Assets, Net



      Other assets, net consisted of the following at:







 

 

 

 

 



 

September 30,

 

 

December 31,



 

2019

 

 

2018

Fitting Software

$

 3,679 

 

$

 -

NXP Tech

 

 1,964 

 

 

 2,259 

Other

 

 553 

 

 

 1,168 

Total

$

 6,196 

 

$

 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 September 30, 2019, outstanding liabilities are $1,260.