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Other Assets, Net
3 Months Ended
Mar. 31, 2020
Other Assets, Net [Abstract]  
Other Assets, Net







9.  Other Assets, Net



      Other assets, net consisted of the following at:







 

 

 

 

 



 

March 31,

 

 

December 31,



 

2020

 

 

2019

Self-fitting software

$

3,679 

 

$

3,679 

Technology access

 

1,768 

 

 

1,866 

Other

 

455 

 

 

510 

Total

$

5,902 

 

$

6,055 





The estimated useful life for the self-fitting software and technology access is 5-7 years. The self-fitting software is expected to begin amortizing in the second quarter of 2020. Accumulated amortization for the technology access asset is $982 and $884 as of March 31, 2020 and December 31, 2019, respectively.



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. 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 March 31, 2020, outstanding liabilities consist of $238 other accrued current liabilities and $857 other long-term liabilities.