Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
9 Months Ended
Sep. 30, 2018
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

6. INTANGIBLE ASSETS

 

Intangible Assets

 

The following table summarizes the Company’s intangible assets as of September 30, 2018 and December 31, 2017:

 

        September 30, 2018  
    Estimated Useful Life   Beginning Net Book Value     Additions     Amortization     Impairment Charge     Disposals     Ending Net Book Value     Accumulated Amortization  
Customer relationship and lists   7-10 yrs   $ 991     $ -     $ (166 )   $ -     $ -     $ 825     $ (1,349 )
Trade names   Indefinite     314       -       -       -       -       314       -  
                                                             
Total intangible assets       $ 1,305     $ -     $ (166 )   $ -     $ -     $ 1,139     $ (1,283 )
                                               
        December 31, 2017  
    Estimated Useful Life   Beginning Net Book Value     Additions     Amortization     Impairment Charge     Disposals     Ending Net Book Value     Accumulated Amortization  
Customer relationship and lists   7-10 yrs   $ 3,238     $ -     $ (277 )   $ (69 )   $ (1,901 )   $ 991     $ (1,183 )
URL’s   Indefinite     5       -               (5 )     -       -       -  
Trade names   Indefinite     1,410       -       -       (165 )     (931 )     314       -  
                                                             
Total intangible assets       $ 4,653     $ -     $ (277 )   $ (239 )   $ (2,832 )   $ 1,305     $ (1,183 )

  

Amortization expense related to the identifiable intangible assets was $56 and $40 for the three months ended September 30, 2018 and 2017, respectively. Amortization expense related to the identifiable intangible assets was $166 and $230 for the nine months ended September 30, 2018 and 2017, respectively