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Intangible Assets, Net
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

4.      Intangible Assets, Net

Intangible assets, net consist of the following:

 

September 30, 2021

 

December 31, 2020

   

Weighted
Average
Remaining
Useful Life

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Weighted
Average
Remaining
Useful Life

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

Software licenses

 

3.0

 

$

16,545

 

$

(5,290

)

 

$

11,255

 

0.6

 

$

4,391

 

$

(3,759

)

 

$

632

Intellectual property licenses

 

1.8

 

 

1,736

 

 

(1,677

)

 

 

59

 

1.7

 

 

1,736

 

 

(1,614

)

 

 

122

Developed technology

 

5.6

 

 

369

 

 

(75

)

 

 

294

 

6.4

 

 

369

 

 

(35

)

 

 

334

Total

     

$

18,650

 

$

(7,042

)

 

$

11,608

     

$

6,496

 

$

(5,408

)

 

$

1,088

The Company obtained software licenses which it uses for its research and development efforts related to its products.

Amortization of intangible assets for the three months ended September 30, 2021 and 2020 was $1,459 and $479, respectively. Amortization of intangible assets for the nine months ended September 30, 2021 and 2020 was $2,222 and $1,281, respectively. Amortization of intangible assets is included in research and development expense in the condensed consolidated statements of operations, respectively.

Based on the amount of intangible assets subject to amortization as of September 30, 2021, amortization expense for each of the next five fiscal years is expected to be as follows:

2021 (remaining three months)

 

$

888

2022

 

 

3,805

2023

 

 

4,570

2024

 

 

2,221

2025

 

 

53

Thereafter

 

 

71

   

$

11,608