Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note 7. Intangible Assets, net

Intangible assets consist of the following (in thousands):


	September 30, 2022
	Gross		Accumulated Amortization			Net
Customer relationships	$	22,770	$	(2,342	)	$	20,428
Software technology		7,140		(761	)		6,379
Patents		1,241		(1,115	)		126
Tradename		1,000		(83	)		917
Total intangible assets, net	$	32,151	$	(4,301	)	$	27,850


	December 31, 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

Intangible amortization expense was approximately $0.7 million and $2.1 million for the three and nine months ended September 30, 2022, respectively. Intangible amortization expense was approximately $0.3 million and $0.8 million for the three and nine months ended September 30, 2021, respectively.

The following table presents future intangible asset amortization as of September 30, 2022 (in thousands):


Remainder of 2022	$	726
2023		2,645
2024		2,642
2025		2,595
2026		2,578
Thereafter		16,664
Total	$	27,850