Intangible asset, net

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible asset, net

Intangible asset, net

The following table summarizes intangible asset (in thousands):

	December 31,
	2021		2020
Cost	$	659	$	659
Accumulated amortization	(531)		(312)
Net intangible asset	$	128	$	347

Intangible asset, net includes an assembled workforce that was acquired in 2019 and is being amortized over its expected life. Amortization expense was $0.2 million for each of the years ended December 31, 2021 and 2020. The amortization period has been established as 3 years based on management's judgement. The Company will recognize $0.1 million of amortization expense in fiscal year 2022.