Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.22.1
Intangible Assets
12 Months Ended
Dec. 31, 2021
Intangible Assets  
Intangible Assets

8. Intangible Assets

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

December 31, 

December 31, 

    

2021

    

2020

Product/Technology Related

 

  

  

Identifiable intangible assets, gross

$

31

  

$

31

Accumulated amortization

 

(16)

(6)

Product/Technology Related identifiable intangible assets, net

 

15

  

25

Marketing Related

 

  

  

Customer related intangible asset, gross

 

17

  

17

Tradename related intangible asset, gross

 

7

  

7

Accumulated amortization

 

(6)

(2)

Marketing related identifiable intangible assets, net

 

18

  

22

Total Identifiable intangible assets, net

$

33

  

$

47

In connection with the acquisitions of Sport 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 4.5 years and amortization expense amounted to $14 thousand and $8 thousand for the year ended December 31, 2021 and 2020, respectively.

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

2022

    

$

14

2023

 

8

2024

 

2

2025

 

2

2026

 

2

Thereafter

 

5

Total

 

$

33