NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET

Intangible Assets:

	December 31, 2021
	Weighted average remaining useful life (in years)		Balance
Gross carrying amount:
Technology		3.25	$	4,700
Customer relationship		3.87		2,419
Tradename		1.42		980

				8,099
Accumulated amortization and impairments:
Technology				(3,323	)
Customer relationship				(2,049	)
Tradename				(818	)

				(6,190	)

Intangible assets, net			$	1,909

	December 31, 2020
	Weighted average remaining useful life (in years)		Balance
Gross carrying amount:
Technology		3.98	$	4,700
Customer relationship		3.74		2,340
Tradename		2.42		980

				8,020
Accumulated amortization and impairments:
Technology				(2,759	)
Customer relationship				(1,706	)
Tradename				(720	)

				(5,185	)

Intangible assets, net			$	2,835

During the year ended December 31, 2021, 2020 and 2019, the Company recorded amortization expenses in the amount of $1,005, $917 and $630, respectively, included in cost of revenue and sales and marketing expenses in the statements of operations.

The estimated future amortization expense of intangible assets as of December 31, 2021, is as follows:

	December 31,

2022	$	666
2023		554
2024		478
2025		148
2026		50
2027		13

	$	1,909

In April 2018, the Company acquired some of the assets of Rapt Media, Inc. (the "Assets") for a consideration that varied depending on the gains that the Assets derived during a three-year period (the “Period”) following the closing date of the purchase of the Assets (the "Transaction").

The Transaction was accounted for as an asset acquisition. The Company recognized an asset and liability simultaneously when revenue derived from the Assets was recognized. The useful life of the Assets is four years from the Transaction's closing date.

The Period ended in April 2021, when up to that date, the Company had capitalized an amount of $595.

During the years ended December 31, 2021, 2020 and 2019, the Company capitalized $79, $163 and $202, respectively, with respect to the Transaction.

Changes in goodwill for the years ending December 31, 2021, 2020 and 2019, were as follows:

	Enterprise, Education and Technology		Media and Telecom		Total

Balance as of January 1, 2019	$	-	$	9,381	$	9,381

Additions		-		-		-

Balance as of January 1, 2020		-		9,381		9,381

Additions		1,689		-		1,689

Balance as of January 1, 2021		1,689		9,381		11,070

Additions		-		-		-

Balance as of December 31, 2021	$	1,689	$	9,381	$	11,070

Since the Company's inception, no goodwill impairment charges were recorded.