Intangible Assets, net

3 Months Ended

Mar. 31, 2021

Note 6

Intangible Assets, net:

Set forth below is a detailed listing of definite-lived intangible assets as of March 31, 2021:

	Balance		Accumulated Amortization			Intangible assets, net
Core technology	$	5,700	$	(3,278	)	$	2,422
Product technology		2,000		(2,000	)		-
Customer relationships		6,900		(3,967	)		2,933
Tradenames		1,500		(862	)		638
	$	16,100	$	(10,107	)	$	5,993

Related amortization expense was $352 and $452 for the three months ended March 31, 2021, and 2020, 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 months ended March 31, 2021.

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

Remaining 2021	$	1,058
2022		1,410
2023		1,410
2024		1,410
2025		705
Total	$	5,993