Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
Intangible assets are composed of internally developed software. Intangible assets are amortized on a straight‑line basis with a useful life of five years. Amortization expense included in net income (loss) for the years ended December 31, 2018, 2017 and 2016 was $0.3 million, $0.3 million and $0.3 million, respectively. At December 31, 2018 and 2017, respectively, the company’s intangible assets subject to amortization are as follows:
($ in thousands)
2018
 
2017
Internally developed software
$
1,440

 
$
1,440

Less accumulated amortization
1,427

 
1,139

Intangible assets — net
$
13

 
$
301


Estimated remaining amortization expense for each of the subsequent fiscal years is expected to be as follows:
($ in thousands)
 
Year
Estimated
Future
Amortization
Expense
2019
$
13

2020

Total
$
13


The average amortization period remaining is approximately 0.05 years.