Pineapple Energy Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2018

NOTE 6 –INTANGIBLE ASSETS

The Company’s identifiable intangible assets with finite lives, included in other assets, net on the condensed consolidated balance sheets, are being amortized over their estimated useful lives and were as follows:



		March 31, 2018
		Gross Carrying Amount		Accumulated Amortization		Impairment loss		Foreign Currency Translation		Net

Trademarks	$	98,000	$	(72,000)	$	-	$	(12,000)	$	14,000
Customer relationships		491,000		(230,000)		(154,000)		(107,000)		-
Technology		229,000		(189,000)		-		(40,000)		-
	$	818,000	$	(491,000)	$	(154,000)	$	(159,000)	$	14,000



		December 31, 2017
		Gross Carrying Amount		Accumulated Amortization		Impairment loss		Foreign Currency Translation		Net

Trademarks	$	98,000	$	(66,000)	$	-	$	(15,000)	$	17,000
Customer relationships		491,000		(230,000)		(154,000)		(107,000)		-
Technology		229,000		(189,000)		-		(40,000)		-
	$	818,000	$	(485,000)	$	(154,000)	$	(162,000)	$	17,000

Amortization expense on these identifiable intangible assets was $3,000 and $12,000 during 2018 and 2017, respectively. The amortization expense is included in selling, general and administrative expenses. At March 31, 2018, the estimated future amortization expense for definite-lived intangible assets for the remainder of 2018 and all of the following four fiscal years is as follows:



Year Ending December 31:
2018	$	5,000
2019		2,000
2020		2,000
2021		2,000
2022		2,000
Thereafter		1,000