Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.22.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes identifiable intangible assets of the Company as of December 31, 2021 and March 31, 2022:

 

March 31, 2022 (Unaudited)  

Useful Lives

(In Years)

  Gross Carrying Amount     Accumulated Amortization     Net Carrying Amount  
Amortized:                            
Customer relationships   9-12   $ 19,264     $ (4,763 )   $ 14,501  
Trademark and tradename   3-15     7,553       (2,296 )     5,257  
Patents   7-11     628       (284 )     344  
Technology   7     10,911       (6,344 )     4,567  
Favorable contract interest   4     388       (388 )     -  
Covenant not to compete   5     208       (194 )     14  
          38,952       (14,269 )     24,683  
                             
Unamortized:                            
Customer List         104       -       104  
Trademark and tradename         61       -       61  
                             
          165       -       165  
                             
Total       $ 39,117     $ (14,269 )   $ 24,848  

 

December 31, 2021   Useful Lives
(In Years)
  Gross Carrying Amount     Accumulated Amortization     Net Carrying Amount  
Amortized:                            
Customer relationships   9-12   $ 19,264     $ (4,356 )   $ 14,908  
Trademark and tradename   3-15     7,553       (2,096 )     5,457  
Patents   7-11     628       (262 )     366  
Technology   7     10,911       (5,709 )     5,202  
Favorable contract interest   4     388       (388 )     -  
Covenant not to compete   5     208       (184 )     24  
          38,952       (12,995 )     25,957  
                             
Unamortized:                            
Customer List         104       -       104  
Trademark and tradename         61       -       61  
                             
          165       -       165  
                             
Total       $ 39,117     $ (12,995 )   $ 26,122  
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS AMORTIZATION EXPENSE

 

Year ending December 31:      
2022 (remaining)   $ 3,805  
2023     5,035  
2024     2,622  
2025     2,495  
2026     2,413  
2027     2,233  
Thereafter     6,080  
Finite-Lived intangible assets   $ 24,683