Fathom Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Intangible Assets, Net

Intangible Assets, Net

Note 5. Intangible Assets, Net

Intangible assets, net consisted of the following (amounts in thousands):


	June 30, 2022

	Gross Carrying			Accumulated	Net Carrying
	Amount		Amortization		Value
Trade names	$	7,957	$	(865)	$	7,092
Software development		10,975		(1,963)		9,012
Customer relationships		8,180		(1,478)		6,702
Agent relationships		5,792		(495)		5,297
Know-how		430		(104)		326
	$	33,334	$	(4,905)	$	28,429


	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 June 30, 2022 was as follows (amounts in thousands):


Years Ending December 31,
2022 (remaining)	$	2,555
2023		4,864
2024		4,736
2025		4,515
2026		3,931
Thereafter		7,828
Total	$	28,429

During the three months ended June 30, 2022 and 2021, aggregate amortization expense for intangible assets was $1.2 million and $0.7 million, respectively, of which $1.0 million and $0.10 million, respectively, was included in technology and development expense. During the six months ended June 30, 2022 and 2021, aggregate amortization expense for intangible assets was $2.1 million and $0.8 million, respectively, of which $1.5 million and $0.2 million, respectively, was included in technology and development expense.