Intangible Assets, net

3 Months Ended

Mar. 31, 2022

Intangible Assets, net [Abstract]

Intangible Assets, net

Note 7

Intangible Assets, net:

Intangible assets consist of the following as of March 31, 2022:

	Balance		Accumulated Amortization			Intangible Assets, net
Core technology	$	5,700	$	(3,848	)	$	1,852
Product technology		12,182		(2,232	)		9,950
Customer relationships		6,900		(4,658	)		2,242
Tradenames		1,500		(1,013	)		487
Pharos customer lists		5,314		(277	)		5,037
	$	31,596	$	(12,028	)	$	19,568

Intangible assets consist of the following as of December 31, 2021:

	Balance		Accumulated Amortization			Intangible Assets, net
Core technology	$	5,700	$	(3,705	)	$	1,995
Product technology		2,000		(2,000	)		-
Customer relationships		6,900		(4,485	)		2,415
Tradenames		1,500		(975	)		525
Pharos customer lists		5,314		(166	)		5,148
	$	21,414	$	(11,331	)	$	10,083

Amortization expense was $696 and $352 for the three months ended March 31, 2022 and 2021, 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, 2022 or 2021.

The following table summarizes the estimated future amortization expense for the above intangible assets for the next five years:

Remaining 2022	$	2,175
2023		2,871
2024		2,871
2025		2,166
2026		1,461