Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net

v3.22.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 7. Intangible Assets, net

Intangible assets as of December 31, 2021 and 2020 are as follows (in thousands):

 

 

2021

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

$

14,570

 

 

$

(1,131

)

 

$

13,439

 

Patents

 

1,214

 

 

 

(1,089

)

 

 

125

 

    Total intangible assets, net

$

15,784

 

 

$

(2,220

)

 

$

13,564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

Gross

 

 

Accumulated Amortization

 

 

Net

 

Customer relationships

$

14,570

 

 

$

(147

)

 

$

14,423

 

Patents

 

1,158

 

 

 

(1,041

)

 

 

117

 

    Total intangible assets, net

$

15,728

 

 

$

(1,188

)

 

$

14,540

 

Intangible amortization expense was $1.0 million, $0.2 million and $0.09 million for the years ended December 31, 2021, 2020 and 2019, respectively.

The following table presents future intangible asset amortization as of December 31, 2021 (in thousands):

 

2022

 

$

1,042

 

2023

 

 

1,020

 

2024

 

 

1,016

 

2025

 

 

978

 

2026

 

 

961

 

Thereafter

 

 

8,547

 

Total

 

$

13,564