Annual report pursuant to Section 13 and 15(d)

Impairment of Property and Equipment

v3.21.1
Impairment of Property and Equipment
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Impairment of Property and Equipment

Note 9. Impairment of Property and Equipment

 

During the year ended December 31, 2020, the Company recognized impairment expense of $234,000 for the impairment of property and equipment primarily related to the book value of customer assets installed at certain customers that did not renew during the year.

 

During the year ended December 31, 2019, the Company did not recognize any impairment.

 

During the year ended December 31, 2018, the Company recognized impairment expense of $0.7 million for the impairment of property and equipment primarily related to the remaining book value of indoor sensor inventory and indoor sensor networks installed at certain security customers. Management concluded that the impairment charges were required because the Company made the strategic decision to no longer include indoor coverage as part of its service offering.