Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.21.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes identifiable intangible assets of the Company as of December 31, 2020 and June 30, 2021:

 

June 30, 2021 (Unaudited)  

Useful Lives

(In Years)

    Gross Carrying Amount     Accumulated Amortization     Net Carrying Amount  
Amortized:                                
Customer relationships     9-12     $ 19,264     $ (3,545 )   $ 15,719  
Trademark and tradename     3-15       7,553       (1,693 )     5,860  
Patents     7-11       2,117       (1,706 )     411  
Technology     7       10,911       (4,441 )     6,470  
Favorable contract interest     4       388       (380 )     8  
Covenant not to compete     5       208       (163 )     45  
              40,441       (11,928 )     28,513  
                                 
Unamortized:                                
Customer List             104       -       104  
Trademark and tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,606     $ (11,928 )   $ 28,678  

 

December 31, 2020  

Useful Lives

(In Years)

    Gross Carrying Amount     Accumulated Amortization     Net Carrying Amount  
Amortized:                                
Customer relationships     9-12     $ 19,264     $ (2,732 )   $ 16,532  
Trademark and tradename     3-15       7,553       (1,292 )     6,261  
Patents     7-11       2,117       (1,661 )     456  
Technology     7       10,911       (3,172 )     7,739  
Favorable contract interest     4       388       (331 )     57  
Covenant not to compete     5       208       (142 )     66  
              40,441       (9,330 )     31,111  
                                 
Unamortized:                                
Customer List             104       -       104  
Trademark and tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,606     $ (9,330 )   $ 31,276  
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE

 

Year ending December 31:        
2021 (remaining)   $ 2,557  
2022     5,080  
2023     5,035  
2024     2,622  
2025     2,495  
2026     2,413  
Thereafter     8,311  
 Finite-Lived Intangible Assets, Net, Total   $ 28,513