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Note 7 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2020

Intangible Assets Disclosure [Text Block]

NOTE 7:

INTANGIBLE ASSETS, NET

			Nine months ended September 30, 2020 (unaudited)						Year ended December 31, 2019
	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Net		Gross carrying amount		Accumulated amortization		Net

Intangible assets –amortizable:

Intangible assets related to the acquisition of RivieraWaves
Customer relationships		4.5	$	272	$	272	$	—	$	272	$	272	$	—
Customer backlog		1.5		93		93		—		93		93		—
Core technologies		5.1		5,796		5,796		—		5,796		5,796		—

Intangible assets related to the acquisition of Hillcrest Labs business
Customer relationships		4.4		3,518		1,045		2,473		3,518		395		3,123
Customer backlog		0.5		72		72		—		72		65		7
Core technologies		7.5		2,475		398		2,077		2,475		150		2,325

Intangible assets related to an investment in Immervision
Core technologies		6.4		7,063		1,299		5,764		7,063		472		6,591

Intangible assets related to an investment in NB-IoT technologies
NB-IoT technologies (*)		7.0		1,961		794		1,167		1,961		583		1,378

Total intangible assets			$	21,250	$	9,769	$	11,481	$	21,250	$	7,826	$	13,424

(*) During the first quarter of 2018, the Company entered into an agreement to invest in certain NB-IoT technologies in the amount of $2,800, of which, technologies valued at $600 has not been received. Of the $2,200, $210 has not resulted in cash outflows as of September 30, 2020. In addition, the Company participated in programs sponsored by the Hong Kong government for the support of the above investment, and as a result, the Company received during 2019, an amount of $239 related to the NB-IoT technologies, which reduced the gross carrying amount of intangible assets associated with the NB-IoT technology investment. The Company recorded the amortization cost of the NB-IoT technologies in “cost of revenues” on the Company’s interim condensed consolidated statements of income (loss).

Future estimated annual amortization charges are as follows:

2020	$	645
2021		2,582
2022		2,581
2023		1,906
2024		1,852
2025 and thereafter		1,915
	$	11,481