INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

5. INTANGIBLE ASSETS

Intangible assets include capitalized software development costs consisting of the following (dollars in thousands):

	December 31, 2021
								Weighted
	Gross					Net		Average
	Carrying		Accumulated			Carrying		Useful Life
	Amount		Amortization			Value		(in Years)
Wrong Way development costs		228		(228	)		—	—
Vision development costs		3,107		(1,953	)		1,154	8.0
Echo development costs		1,852		(506	)		1,346	7.0
IntellitraffiQ development costs		468		(409	)		59	4.0
Software development in process costs		307		—			307	—
	$	5,962	$	(3,096	)	$	2,866	6.6

	December 31, 2020
								Weighted
	Gross					Net		Average
	Carrying		Accumulated			Carrying		Useful Life
	Amount		Amortization			Value		(in Years)
Wrong Way development costs	$	228	$	(228	)	$	—	—
Vision development costs		2,929		(1,553	)		1,376	8.0
Echo development costs		1,852		(242	)		1,610	7.0
IntellitraffiQ development costs		468		(293	)		175	4.0
	$	5,477	$	(2,316	)	$	3,161	7.3

The estimated future amortization expense related to other intangible assets for the next five fiscal years is as follows (dollars in thousands):

		Amortization
		Expense
2022	$	743
2023		685
2024		580
2025		265
2026		265
2027 and thereafter		22

The above amortization expense relates to various capitalized costs related to software development. Future amortization amounts presented above are estimates. Actual future amortization expense may be different due to future acquisitions, impairments, changes in amortization periods, or other factors.

In accordance with GAAP, we performed an assessment of recoverability on our software development costs, which is impacted by estimates and assumptions of future revenue and expenses for these products, as well as other factors such as changes in product technologies. We determined that the amount of the estimated undiscounted cash flows is greater than the asset carrying value, and there were no impairment triggers as of December 31, 2021.