Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.1
Intangible Assets
3 Months Ended
Mar. 31, 2021
Intangible Assets  
Intangible Assets

8.    Intangible Assets

The following provides a breakdown of identifiable intangible assets as of March 31, 2021 and December  31, 2020:

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,   

 

 

2021

 

2020

Product/Technology Related

 

 

 

 

 

  

Identifiable intangible assets, gross

 

$

31

 

$

31

Accumulated amortization

 

 

(8)

 

 

(6)

Product/Technology Related identifiable intangible assets, net

 

 

23

 

 

25

Marketing Related

 

 

 

 

 

  

Customer related intangible asset, gross

 

 

17

 

 

17

Tradename related intangible asset, gross

 

 

 7

 

 

 7

Accumulated amortization

 

 

(3)

 

 

(2)

Marketing related identifiable intangible assets, net

 

 

21

 

 

22

Total Identifiable intangible assets, net

 

$

44

 

$

47

 

In connection with the acquisitions of Sports Defense, the Company identified intangible assets of $55 thousand representing technology related and customer related intangibles. These assets are being amortized on a straight-line basis over their weighted average estimated useful life of 4.7 years and amortization expense amounted to $3 thousand for the three months ended March  31, 2021.

As of March  31, 2021, the estimated annual amortization expense for each of the next five fiscal years is as follows:

 

 

 

 

 

2021 (remainder of year)

    

$

11

2022

 

 

14

2023

 

 

 8

2024

 

 

 3

2025

 

 

 2

Thereafter

 

 

 6

Total

 

$

44