Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.21.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 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 September 30, 2021:

 

September 30, 2021 (Unaudited)   Useful Lives (In Years)     Gross Carrying Amount     Accumulated Amortization     Net Carrying Amount  
Amortized:                                
Customer relationships     9-12     $ 19,264     $ (3,951 )   $ 15,313  
Trademark and tradename     3-15       7,553       (1,895 )     5,658  
Patents     7-11       2,117       (1,728 )     389  
Technology     7       10,911       (5,075 )     5,836  
Favorable contract interest     4       388       (388 )     -  
Covenant not to compete     5       208       (172 )     36  
              40,441       (13,209 )     27,232  
                                 
Unamortized:                                
Customer List             104       -       104  
Trademark and tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,606     $ (13,209 )   $ 27,397  

 

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)   $ 1,275  
2022     5,080  
2023     5,035  
2024     2,622  
2025     2,495  
2026     2,413  
Thereafter     8,312  
Finite-Lived Intangible Assets, Net, Total   $ 27,232