Intangible Assets

6 Months Ended

Jun. 30, 2020

Intangible Assets [Abstract]

Intangible Assets

Note 6: Intangible Assets

The table below sets forth intangible assets as of June 30, 2020 and December 31, 2019.

	June 30,		December 31,
	2020		2019
Intangible Assets
Cost	$	2,030	$	2,030
Accumulated Amortization		(1,839)		(1,711)
Net Carrying Value	$	191	$	319

The intangible assets include $1,520 of developed technology with an estimated useful life of five years, fully amortized in 2019, and $510 of customer relationships with estimated useful lives of two years and net carrying value of $191. Aggregate amortization expense was $64 and $140 for the three months ended June 30, 2020 and 2019, respectively, and $128 and $216 for the six months ended June 30, 2020 and 2019, respectively.

As of June 30, 2020, the Company performed a review of potential impairment indicators for its long-lived assets, including intangible assets, property, plant and equipment, and right-of-use assets. Although the Company’s near-term operating results may be negatively impacted as a result of the COVID-19 pandemic, its overall financial forecasts have not had a material change that would indicate the Company’s carrying value of an asset group may not be recoverable. However, the full impact of COVID-19 is not yet known and is rapidly evolving. The Company’s future assessment of its financial forecast could be negatively impacted, resulting in future indicators of impairment for its long-lived assets.