|3 Months Ended|
Jun. 30, 2015
7. Intangible Assets
Intangible assets consisted of the following (in thousands):
Amortization expense for the intangible assets was $0.1 million during the first quarter of each of Fiscal 2016 and Fiscal 2015.
Expected future amortization expense of intangible assets as of June 30, 2015 is as follows (in thousands):
The manufacturing license provides the Company with the ability to manufacture recuperator cores previously purchased from Solar Turbines Incorporated (“Solar”). The Company is required to pay a per-unit royalty fee over a seventeen-year period for cores manufactured and sold by the Company using the technology. Royalties of approximately $12,200 and $14,700 were earned by Solar for the first quarter of Fiscal 2016 and 2015, respectively. Earned royalties of approximately $12,200 and $19,300 were unpaid as of June 30, 2015 and March 31, 2015, respectively, and are included in accounts payable and accrued expenses in the accompanying balance sheets.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef