Intangible Assets, net

9 Months Ended

Sep. 30, 2020

Intangible Assets, net [Abstract]

Intangible Assets, net

Note 6

Intangible Assets, net:

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

	Balance		Accumulated Amortization			Intangible assets, net
Core technology	$	5,700	$	(2,993	)	$	2,707
Product technology		2,000		(2,000	)		-
Customer relationships		6,900		(3,623	)		3,277
Tradenames		1,500		(787	)		713
	$	16,100	$	(9,403	)	$	6,697

Related amortization expense was $353 and $1,258 and $453 and $1,358 for the three and nine months ended September 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 nine months ended September 30, 2020.

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

Remaining 2020	$	352
2021		1,410
2022		1,410
2023		1,410
2024		1,410
2025		705
Total	$	6,697