|
Note 5. Intangible Assets, Net
Intangible assets, net consisted of the following at the dates indicated (amount in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
Gross |
|
|
|
|
|
|
|
|
Carrying |
|
|
Accumulated |
|
Net Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Trade names |
|
$ |
6,326 |
|
$ |
(562) |
|
$ |
5,764 |
Software development |
|
|
8,182 |
|
|
(852) |
|
|
7,330 |
Customer relationships |
|
|
8,180 |
|
|
(314) |
|
|
7,866 |
Agent relationships |
|
|
2,670 |
|
|
(84) |
|
|
2,586 |
Know-how |
|
|
430 |
|
|
(18) |
|
|
412 |
|
|
$ |
25,788 |
|
$ |
(1,830) |
|
$ |
23,958 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
Gross |
|
|
|
|
|
|
|
|
Carrying |
|
Accumulated |
|
Net Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Trade names |
|
$ |
166 |
|
$ |
(1) |
|
$ |
165 |
Software development |
|
|
921 |
|
|
(164) |
|
|
758 |
|
|
$ |
1,087 |
|
$ |
(165) |
|
$ |
922 |
As of September 30, 2021, the estimated future amortization expense for definite-lived intangible assets was (amount in thousands):
|
|
|
|
Years Ended December 31, |
|
|
|
2021 (remaining) |
|
$ |
924 |
2022 |
|
|
3,802 |
2023 |
|
|
3,701 |
2024 |
|
|
3,588 |
2025 |
|
|
3,353 |
Thereafter |
|
|
8,590 |
Total |
|
$ |
23,958 |
Amortization expense was approximately $0.9 million and $1.7 million for the three and nine months ended September 30, 2021, respectively and de minimis amounts for the three and nine months ended September 30, 2020.
|