Intangible Assets, net

6 Months Ended

Jun. 30, 2020

Note 6

Intangible Assets, net:

Set forth below is a detailed listing of definite-lived intangible assets as of June 30, 2020:

	Balance		Accumulated Amortization			Intangible assets, net
Core technology	$	5,700	$	(2,850	)	$	2,850
Product technology		2,000		(2,000	)		-
Customer relationships		6,900		(3,450	)		3,450
Tradenames		1,500		(750	)		750
	$	16,100	$	(9,050	)	$	7,050

Related amortization expense was $453 and $905 and $452 and $905 for the three and six months ended June 30, 2020 and, 2019, respectively.

Definite-lived intangible assets are tested for impairment when events or changes in circumstances indicate that the carrying value of the asset group may not be recoverable. The Company recognizes an impairment loss when and to the extent that the recoverable amount of an asset group is less than its carrying value. There were no impairment charges for the three and six months ended June 30, 2020.

Estimated amortization expense for the above amortizable intangible assets for future periods is as follows:

Remaining 2020	$	705
2021		1,410
2022		1,410
2023		1,410
2024		1,410
2025		705
Total	$	7,050