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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

 

NOTE 7.  GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

Changes in the carrying value of goodwill are as follows for the years ended December 31:

 

 

 

2019

 

 

2018

 

Balance at beginning of year

 

$

1,687

 

 

$

1,832

 

Foreign currency translation adjustment

 

 

79

 

 

 

(145

)

Balance at end of year

 

$

1,766

 

 

$

1,687

 

 

As of December 31, 2019, we have not recorded any impairments related to our goodwill and we believe that our goodwill is recoverable; however, there can be no assurance that the goodwill will not be impaired in the future.  

 

Intangible Assets

 

Intangible assets are comprised of the following at December 31:

 

 

 

2019

 

 

2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer relationships

 

$

1,379

 

 

$

(926

)

 

$

453

 

 

$

1,356

 

 

$

(831

)

 

$

525

 

Technology

 

 

3,642

 

 

 

(344

)

 

 

3,298

 

 

 

3,642

 

 

 

(101

)

 

 

3,541

 

 

 

$

5,021

 

 

$

(1,270

)

 

$

3,751

 

 

$

4,998

 

 

$

(932

)

 

$

4,066

 

 

Intangible assets are amortized on a straight–line basis with estimated useful lives ranging from 13 to 15 years.  

 

Amortization expense was $0.3 million and $0.2 million in 2019 and 2018, respectively.  

 

Amortization expense for each of the five years in the period ending December 31, 2024 is expected to be $0.3 million, $0.4 million, $0.3 million, $0.4 million and $0.3 million, respectively, and $2.1 million in the aggregate thereafter.