Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 4. GOODWILL AND INTANGIBLE ASSETS

Goodwill

As of September 30, 2021 and December 31, 2020, goodwill was $7,313 and $0, respectively; the activity is as follows:


Balance at December 31, 2020	$	-
Acquisitions		7,872
Measurement period adjustments		(559	)
Balance at September 30, 2021	$	7,313

Intangibles

Intangible assets as of September 30, 2021 are as follows:


	Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents, definite-lived	12.6	$	3,134	$	653	$	2,481
Trademarks, indefinite-lived	Indefinite		366		-		366
Acquired intellectual property, indefinite-lived	Indefinite		1,378		-		1,378
Customer relationships	3		240		27		213
Developed technology	12		11,290		314		10,976
Other intangibles	3		34		3		31
Total patents, trademarks and intangibles, net		$	16,442	$	997	$	15,445

Intangible assets, excluding the Additive intangible assets, increased $1,196 during the nine months ended September 30, 2021 due to the purchase of new patents and additional legal fees associated with our patents and trademarks.

Intangible assets as of December 31, 2020, are as follows:


	Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents, definite-lived	13.3	$	2,504	$	363	$	2,141
Trademarks, indefinite-lived	Indefinite		306		-		306
Acquired intellectual property, indefinite-lived	Indefinite		878		-		878
Total patents, trademarks and intangibles, net		$	3,688	$	363	$	3,325

Amortization expense is included in Selling, general, and administrative expenses and was $494 and $24 for the three months ended September 30, 2021 and 2020, respectively. Amortization expense for the nine months ended September 30, 2021 and 2020 totaled $635 and $72, respectively.

Expected future amortization expense is as follows:


2021 (Remaining)	$	636
2022	$	1,704
2023	$	1,226
2024	$	1,173
2025	$	1,136
2026	$	1,136

No impairment charges related to intangibles and goodwill were recorded for the three and nine months ended September 30, 2021 and 2020.