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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Carrying Amount of Goodwill The change in the carrying amount of goodwill during the year ended December 31, 2021 is as follows:

 

 

Amount

 

Balance at December 31, 2020

 

$

3,332

 

Acquisition of Smarteq

 

 

3,244

 

Foreign currency translation

 

 

(242

)

Balance at December 31, 2021

 

$

6,334

 

 

Summary of Amortization Expense

 

The summary of amortization expense in the consolidated statements of income is as follows:

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Cost of revenues

 

$

57

 

 

$

112

 

Operating expenses

 

 

210

 

 

 

32

 

Total

 

$

267

 

 

$

144

 

Summary of Other Intangible Assets

The summary of other intangible assets, net is as follows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

 

 

Cost

 

 

Amortization

 

 

Value

 

 

Cost

 

 

Amortization

 

 

Value

 

Customer contracts and relationships

 

$

17,609

 

 

$

16,978

 

 

$

631

 

 

$

16,880

 

 

$

16,880

 

 

$

0

 

Patents and technology

 

 

10,049

 

 

 

9,698

 

 

 

351

 

 

 

9,644

 

 

 

9,644

 

 

 

0

 

Trademarks and trade names

 

 

1,563

 

 

 

1,051

 

 

 

512

 

 

 

972

 

 

 

972

 

 

 

0

 

Other

 

 

110

 

 

 

25

 

 

 

85

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

$

29,331

 

 

$

27,752

 

 

$

1,579

 

 

$

27,496

 

 

$

27,496

 

 

$

0

 

Summary of Assigned Lives and Weighted Average Amortization Periods by Intangible Asset Category

The assigned lives and weighted average amortization periods by intangible asset category are summarized below:

 

Intangible Assets

 

Assigned Life

 

Weighted

Average

Amortization

Period

 

Customer contracts and relationships

 

5 years

 

 

5.0

 

Patents and technology

 

5 years

 

 

5.0

 

Trademarks and trade names

 

5 years

 

 

5.0

 

Other

 

.5 to 5 years

 

 

3.6

 

 

Schedule of Future Amortization Expenses The future amortization expenses are as follows:

 

Fiscal Year

 

Amount

 

2022

 

$

374

 

2023

 

 

374

 

2024

 

 

360

 

2025

 

 

353

 

2026

 

 

118

 

Total

 

$

1,579