Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.19.3.a.u2
Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 10 - Intangible Assets

 

Intangible assets at December 31, 2019 and 2018 consisted of the following (in thousands):

 

Amortized Intangible Assets   Gross Carrying Amount     Accumulated Amortization  
    December 31,     December 31,  
    2019     2018     2019     2018  
Trade Name/Trademarks   $ 780     $ 780     $ (724 )   $ (574 )
Customer Relationships     4,070       2,620       (2,574 )     (2,318 )
Developed Technology     21,422       15,871       (14,996 )     (11,873 )
Non-compete Agreements     923       400       (501 )     (400 )
Export License     13       13       (13 )     (10 )
Totals   $ 27,208     $ 19,684     $ (18,808 )   $ (15,175 )

 

Aggregate Amortization Expense:

 

Aggregate amortization expense for the years ended December 31, 2019 and 2018 were $3.6 million and $3.2 million, respectively. 

 

Future amortization expense on intangibles assets is anticipated to be as follows (in thousands):

 

For the Years Ending December 31,   Amount  
2020     2,041  
2021     808  
2022     667  
2023     643  
2024 and thereafter     4,241  
Total   $ 8,400  

 

The weighted average remaining amortization periods for the Company's trade names/trademarks, customer relationships, developed technology, non-compete agreements, and export license are 0, 1.41, 8.43, 0.9, and 0 years, respectively.