INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

The gross carrying amount and accumulated amortization of separately identifiable intangible assets are as follows:

	As of September 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
In-process R&D	$	12,110	$	—	$	12,110
Trademarks	394		(96)		298
Licenses	50,150		(92)		50,058
Total intangible assets	$	62,654	$	(188)	$	62,466

	As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
In-process R&D	$	12,110	$	—	$	12,110
Trademarks	394		(71)		323
Licenses	50,150		(70)		50,080
Total intangible assets	$	62,654	$	(141)	$	62,513

Amortization expense for the three and nine months ended September 30, 2020 and 2019 was immaterial. The Company will begin amortization of the $50.0 million intellectual property license for the S-WAY platform obtained from Iveco (see Note 7) at the start of production. As of September 30, 2020, production has not commenced.