| Intangible Assets, Net |
Note 5. Intangible Assets, Net
Intangible assets, net consisted of the following (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
Gross Carrying |
|
|
Accumulated |
|
Net Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Trade names |
|
$ |
7,393 |
|
$ |
(613) |
|
$ |
6,780 |
Software development |
|
|
9,831 |
|
|
(1,508) |
|
|
8,323 |
Customer relationships |
|
|
8,180 |
|
|
(1,200) |
|
|
6,980 |
Agent relationships |
|
|
5,576 |
|
|
(328) |
|
|
5,248 |
Know-how |
|
|
430 |
|
|
(83) |
|
|
347 |
|
|
$ |
31,410 |
|
$ |
(3,732) |
|
$ |
27,678 |
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
Gross Carrying |
|
Accumulated |
|
Net Carrying |
|
|
Amount |
|
Amortization |
|
Value |
Trade names |
|
$ |
6,326 |
|
$ |
(454) |
|
$ |
5,872 |
Software development |
|
|
9,017 |
|
|
(1,095) |
|
|
7,922 |
Customer relationships |
|
|
8,180 |
|
|
(897) |
|
|
7,283 |
Agent relationships |
|
|
3,030 |
|
|
(233) |
|
|
2,797 |
Know-how |
|
|
430 |
|
|
(61) |
|
|
369 |
|
|
$ |
26,983 |
|
$ |
(2,740) |
|
$ |
24,243 |
Estimated future amortization intangible assets as of March 31, 2022 was as follows (amounts in thousands):
|
|
|
|
Years Ending December 31, |
|
|
|
2022 (remaining) |
|
$ |
6,763 |
2023 |
|
|
4,083 |
2024 |
|
|
3,969 |
2025 |
|
|
3,734 |
2026 |
|
|
3,188 |
Thereafter |
|
|
5,941 |
Total |
|
$ |
27,678 |
The aggregate amortization expense for intangible assets was $1.0 million and $0.1 million, of which $0.5 million and $0.1 million was included in technology and development expense for the three months ended March 31, 2022 and 2021, respectively.
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