XML 27 R16.htm IDEA: XBRL DOCUMENT v3.22.4
Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

9. Intangible Assets

 

The components of our purchased intangible assets as of December 31, 2022 are as follows (in thousands):

 

 

 

Useful
Lives

 

FY 2022
Annual
Amortization

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Useful Lives
Remaining

Customer relations

 

15 Years

 

$

30

 

 

$

340

 

 

$

230

 

 

$

110

 

 

4.21 Years

Developed technology

 

7 Years

 

 

165

 

 

 

1,900

 

 

 

272

 

 

 

1,628

 

 

6.10 Years

Trade names

 

9 Years

 

 

33

 

 

 

300

 

 

 

61

 

 

 

239

 

 

7.17 Years

Patents

 

Varies

 

 

 

 

 

600

 

 

 

600

 

 

 

 

 

Varies

 

 

 

 

$

228

 

 

$

3,140

 

 

$

1,163

 

 

$

1,977

 

 

 

 

The components of our purchased intangible assets as of January 1, 2022 are as follows (in thousands):

 

 

 

Useful
Lives

 

FY 2021
Annual
Amortization

 

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Useful Lives
Remaining

Customer relations

 

15 Years

 

$

28

 

 

 

$

340

 

 

$

200

 

 

$

140

 

 

5.08 Years

Developed technology

 

7 Years

 

 

107

 

 

 

 

900

 

 

 

107

 

 

 

793

 

 

6.17 Years

Trade names

 

9 Years

 

 

28

 

 

 

 

300

 

 

 

28

 

 

 

272

 

 

8.17 Years

In-process R&D

 

7 Years

 

 

 

 

 

 

1,000

 

 

 

 

 

 

1,000

 

 

Not applicable

Patents

 

Varies

 

 

 

 

 

 

600

 

 

 

600

 

 

 

 

 

Varies

 

 

 

 

$

163

 

 

 

$

3,140

 

 

$

935

 

 

$

2,205

 

 

 

 

Aggregate amortization expense for fiscal years 2022 and 2021 were $228 thousand and $163 thousand, respectively. The amortization of developed technology was charged to research and development expense and the amortization of customer relations and trade names was charged to sales and marketing expense. We started amortization of in-process R&D in the fourth fiscal quarter of 2022, as it was related to the release of a new system.

Estimated future amortization expense for purchased intangible assets is as follows (in thousands):

 

Fiscal Year:

 

 

 

2023

 

$

335

 

2024

 

 

335

 

2025

 

 

323

 

2026

 

 

319

 

2027

 

 

319

 

Thereafter

 

 

346

 

Total

 

$

1,977