Acquisition (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Summary of Fair Value of Assets Acquired and Liabilities Assumed At Date of Acquisition

The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

Net working capital, excluding deferred revenue	$	155
Customer relationships		940
Developed technology		280
Trade name / trademarks		20
Goodwill		1,651
Assets acquired		3,046
Deferred revenue		(616	)
Net assets acquired	$	2,430

Summary of Fair Value of Intangible Assets and Estimated Useful Live

The fair values of intangible assets were based on valuations using the income approach.  The fair value of intangible assets and their estimated useful live are as follows (dollars in thousands):

	Useful Life	Gross Amount		Accumulated Amortization		Net Book Value
Customer relationships	8 years	$	940	$	44	$	896
Developed technology	5 years		280		21		259
Trade name trademarks	7 years		20		1		19
		$	1,240	$	66	$	1,174

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

During the three months ended March 31, 2021 we recorded $43 thousand intangible  amortization.  The Company expects to record amortization for the years ended December 31 (in thousands):

2021	$	132
2022		176
2023		176
2024		176
2025		169
Thereafter		345
	$	1,174