Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.21.2
Intangible Assets, Net
9 Months Ended
Sep. 30, 2021
Intangible Assets, Net  
Intangible Assets, Net

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.