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Note 7 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Intangible Assets Disclosure [Text Block]

NOTE 7: INTANGIBLE ASSETS, NET

		Six months ended June 30, 2022 (unaudited)						Year ended December 31, 2021
	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 Intrinsix
Customer relationships	5.5	$	3,604	$	710	$	2,894	$	3,604	$	382	$	3,222
Customer backlog	1.5		421		304		117		421		164		257
Patents	5.0		218		47		171		218		26		192
Core technologies	3.0		3,329		1,202		2,127		3,329		647		2,682

Intangible assets related to the acquisition of Hillcrest Labs business
Customer relationships	4.4		3,518		2,564		954		3,518		2,130		1,388
Customer backlog	0.5		72		72		—		72		72		—
R&D Tools	7.5		2,475		975		1,500		2,475		810		1,665

Intangible assets related to Immervision assets acquisition
R&D Tools	6.4		7,063		3,231		3,832		7,063		2,679		4,384

Intangible assets related to an investment in NB-IoT technologies
NB-IoT technologies (*)	7.0		1,961		1,284		677		1,961		1,144		817

Total intangible assets		$	22,661	$	10,389	$	12,272	$	22,661	$	8,054	$	14,607

(*) During the first quarter of 2018, the Company entered into an agreement to acquire 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 June 30, 2022. 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 was reduced from the gross carrying amount of intangible assets. 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:

2022		2,312
2023		3,714
2024		3,013
2025		2,262
2026		956
2027 and thereafter		15
	$	12,272