Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.22.1
Intangible Assets
3 Months Ended
Mar. 31, 2022
Intangible Assets  
Intangible Assets

7.    Intangible Assets

The following provides a breakdown of identifiable intangible assets as of March 31, 2022 and December 31, 2021:

    

March 31,

    

December 31,

2022

2021

Product/Technology Related

 

  

Identifiable intangible assets, gross

$

31

$

31

Accumulated amortization

 

(18)

(16)

Product/Technology Related identifiable intangible assets, net

 

13

15

Marketing Related

 

  

Customer related intangible asset, gross

17

17

Tradename related intangible asset, gross

 

7

7

Accumulated amortization

 

(7)

(6)

Marketing related identifiable intangible assets, net

 

17

18

Total Identifiable intangible assets, net

$

30

$

33

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 $3 and $3 for the three months ended March 31, 2022 and 2021, respectively.

As of March 31, 2022, the estimated annual amortization expense for each of the next five fiscal years is as follows:

2022

    

$

11

2023

 

8

2024

 

2

2025

 

2

2026

 

2

Thereafter

5

Total

$

30