Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following table summarizes identifiable intangible assets of the Company as of December 31, 2019 and 2018:

 

December 31, 2019  

Useful

Lives

(In Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net

Carrying

Amount

 
                         
Amortized:                                
Customer relationships     9 - 12     $ 19,299     $ (1,108 )   $ 18,191  
Trademark and tradename     3 - 15       7,553       (488 )     7,065  
Patents     7 - 11       2,117       (1,436 )     681  
Technology     7       10,911       (634 )     10,277  
Favorable contract interest     4       388       (234 )     154  
Covenant not to compete     5       208       (102 )     106  
              40,476       (4,002 )     36,474  
                                 
Unamortized:                                
Customer list             104       -       104  
Trademark and Tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,641     $ (4,002 )   $ 36,639  

 

December 31, 2018  

Useful

Lives

(In Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net

Carrying

Amount

 
                         
Amortized:                                
Customer relationships     10     $ 3,123     $ (442 )   $ 2,681  
Trademark and tradename     10 - 15       1,367       (178 )     1,189  
Patents     11       1,489       (1,218 )     271  
Favorable contract interest     5       388       (137 )     251  
Covenant not to compete     5       208       (60 )     148  
              6,575       (2,035 )     4,540  
                                 
Unamortized:                                
Customer list             104       -       104  
Trademark and Tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 6,740     $ (2,035 )   $ 4,705  

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

 

Year ending December 31:      
       
2020   $ 5,329  
2021     5,153  
2022     4,479  
2023     4,434  
2024     4,431  
Thereafter     12,648  
    $ 36,474  

Schedule of Changes in Goodwill

The change in goodwill from January 1, 2019 to December 31, 2019 is as follows:

 

Balance of as January 1, 2019   $ 7,318  
Pointer acquisition     78,642  
CarrierWeb acquisitions     3,108  
Balance as of December 31, 2019   $ 89,068