Intangible Assets, net

12 Months Ended

Dec. 31, 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:

	December 31,
	2020										2019
	Balance			Accumulated Amortization				Intangible assets, net			Intangible assets, net
Core technology		$	5,700		$	(3,135	)		$	2,565	$	3,135
Product technology			2,000			(2,000	)			-		200
Customer relationships			6,900			(3,795	)			3,105		3,795
Tradenames			1,500			(825	)			675		825
		$	16,100		$	(9,755	)		$	6,345	$	7,955

Related amortization expense was $1,610 and $1,810 for the years ended December 31, 2020, and 2019, respectively. Total accumulated amortization at December 31, 2019 was $8,145. Intangible assets consist of core technology, product technology, customer relationships, trademark and distribution rights. Intangible assets are amortized over the period of estimated benefit using the straight-line method and estimated useful lives ranging from three to ten years. 

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

2021	$	1,410
2022		1,410
2023		1,410
2024		1,410
2025		705
Total	$	6,345